Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us $3,400 per month for bandwidth bills alone, and since we don't believe in shoving popup ads to our registered users, we try to make the money back through forum registrations.
«944 »
  • Locked thread
Antlerhill
Nov 6, 2012



Smellrose

Owlofcreamcheese posted:

now it's just a cold numbness
rotor new thread title please

Adbot
ADBOT LOVES YOU

theflyingexecutive
Apr 22, 2007



buttcoin: I'm living in the streets now

The Management
Jan 2, 2010

sup, bitch?


living on the streets in winter, excellent idea. looks like someone is about to learn the meaning of frozen assets.

Alan Smithee
Jan 3, 2005


letitgocoin

to get those children and tumblrinas on board

Boxturret
Oct 3, 2013

"..fight the mighty bearwhale by throwing all their money at it

then much celebrating occurred after the bearwhle left after eating all their money

i still don't get it"

-Me on Sept 20th, 2015

seriously guys you can't judge bitcoin until the new coins added start to diminish


get back to me in 2140 THEN we can properly discuss bitcoin

The Management
Jan 2, 2010

sup, bitch?


seemingly sane adults in my Twitter feed are posting about "the blockchain" recently. all of them are finance / analyst types that don't know anything about computers but think they understand the technology industry. I kind of want to know where these idiots are getting their blockchain "facts"

Heresiarch
Oct 6, 2005

Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.


The Management posted:

seemingly sane adults in my Twitter feed are posting about "the blockchain" recently. all of them are finance / analyst types that don't know anything about computers but think they understand the technology industry. I kind of want to know where these idiots are getting their blockchain "facts"

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.

The Management posted:

seemingly sane adults in my Twitter feed are posting about "the blockchain" recently. all of them are finance / analyst types that don't know anything about computers but think they understand the technology industry. I kind of want to know where these idiots are getting their blockchain "facts"

https://www.buttcoin.gov

The Management
Jan 2, 2010

sup, bitch?


someone convinced them that it has a technological value and will revolutionize something, somehow. of course they can't explain it.

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value





vvvvv yup

TVarmy fucked around with this message at Nov 1, 2014 around 18:33

ChickenOfTomorrow
Nov 11, 2012



Illegal Hen


is that Bumberlumps?

Dex
May 26, 2006

Quintuple x!!!

Would not escrow again.

VERY MISLEADING!


The Management posted:

living on the streets in winter, excellent idea. looks like someone is about to learn the meaning of frozen assets.

dude's just putting himself in cold storage, nbd

Dren
Jan 5, 2001



Pillbug

lol at "think of [your bitcoin] as a 5 year CD and only look at it a few times a year" cuz you don't actually have to look at CDs

Hammerite
Mar 9, 2007

And you don't remember what I said here, either, but it was pompous and stupid.


The Management posted:

someone convinced them that it has a technological value and will revolutionize something, somehow. of course they can't explain it.

it is a weird phenomenon that normal people hear about buttcoins and assume from the volume of discussion about it, news articles etc. that it has some degree of credibility because after all, all those smart computer nerds wouldn't be talking about it the way they do if it was stupid poo poo for idiots

and it is true that when there is a big buzz about some technology or other, usually it is the case that while it might be largely hype, there will be some genuinely worthwhile idea at the core of it. it is true that you don't usually see large parts of the tech world get excited about something unless there is at least something there to get excited about. (i fully expect someone to contradict me here)

but in the case of bitcoins, what's there once you scrape off the hype is a proof of concept, not a finished thing, and it's utterly laughable when evaluated as something that might be used in the real world. but it is peculiarly well suited to appeal to the biases of dumb computer geeks (high tech, uses cryptography, RON PAUL) such that lots of them shout about it even though it's poo poo. and people who don't understand tech see that and think "well gosh this must be the new up and coming thing that will change our lives forever, like the internet and iphones, if all these nerds think it's good"

and ordinarily that heuristic would probably not lead them too far wrong. but...

Robawesome
Jul 22, 2005



https://www.reddit.com/r/BitcoinMar...01_2014/clpzfu8

[]5817707 6 points 3 hours ago*

OKay here it is. I'm living in the streets now... not thanks to Bitcoin but thanks to myself and my hopefuly beliefs about Bitcoin finally taking us out of slavery from money manipulators thousands of miles away taking a % of every transaction worldwide. I've always said I don't care if my coin goes to 0 if I help to change the world by adopting it it is worth it.

I've never lived in the streets before. I could sell my bitcoins now at a loss and get a car or apartment for the short term and be okay. But I'm going homeless. Why? I believe more in changing the world than my greed for profit.

Not only am I not selling at a loss, I'm going to continue to be homeless in order to keep them. I'm going to do EVERYTHING in my power to ensure that Wells Fargo does not see a dime from me ever again any time I can help it. That means not spending my BTC until people accept and hold BTC (not trade it directly for fiat)...

So I'm in long term, I don't care if it goes to $1 I"m going to keep buying if I get winter work, going to put every last spare penny into it still. When I go back to my regular job in the Summer... going to keep buying.

The only thing that we need to do is remember that bitcoin can never go away anymore. it will always be worth "something". Sidechains are going to make it more useful.

And the dollar is by laws of mathematics going to inflate FAR faster than bitcoin. It doesn't look like it because when two trillion dollars are manufactuerd its a drop in the bucket but when 1000 bitcoins are sold its a huge percent. As BTC growth slows down though it will become more obvious that worldwide the BTC will retain more value than dollar day by day.

Holding long term is the only right way to go. We're close to 0 already so if it DOES go forever away then well I can't get mch worse off than I am now. I'm learning to live in the streets so I can hold this long term.

I can't explain it all right now but seriously stop worrying. Think of it as LONG TERM. You only lose if you sell at a loss so pretend you put that in a 5 year CD instead and don't look at it's value daily, look at it a few times a year.

(edit: if another coin looks way more promising than bitcoin then I'm also diversifying my crypto investments but right now I'm 80% BTC. Just FYI I really like the direction of MAID and others that will liberate content from adertisers, trackers, and governments)

FCKGW
May 21, 2006

aaaaaaaaaa
AAAAAAAAAAA
HHHHHHHHH!!!!!!!!



lol this thread

https://github.com/tip4commit/tip4commit/issues/127

FCKGW
May 21, 2006

aaaaaaaaaa
AAAAAAAAAAA
HHHHHHHHH!!!!!!!!



hn thread on it
https://news.ycombinator.com/item?id=8542969

Robawesome
Jul 22, 2005




pro

duTrieux.
Oct 9, 2003




jesus christ

"but there's a disclaimer!"

"well, according to wikipedia..."

duTrieux.
Oct 9, 2003



quote:

I should clarify my comment above. I'll be composing an email to our lawyers (MediaCrush) if the response from the maintainers of this project is anything but "I'm sorry, we've removed your repository, it won't happen again". What you're doing is engaging in fraud, pretending to represent us and asking people for money, and then spamming contributors and tricking people into thinking that we support this cause.

vOv
Feb 8, 2014



quote:

Unfortunately, the economics of this undermine that: being informed that I have earned a fraction of a US cent (not even a fraction of a dollar) for several hours' work is not actually encouraging, nor does it make me feel that my time or work are being valued.

quote:

@evildmp , thanks for your feedback, but as said above, we do NOT notify users on fractions of a US cent (or even US dollar). This was solved over a month ago. Min notification threshold is set to 0.005 btc, that is $1.75 at current rate, we might increase it if bitcoin continues to fall. Please accept apologies if you received such an email from us in the past.

Soricidus
Oct 20, 2010
freedom-hating statist shill

Pillbug

The Management posted:

living on the streets in winter, excellent idea. looks like someone is about to learn the meaning of frozen assets.

Tiny Bug Child
Sep 11, 2004

Avoid Symmetry, Allow Complexity, Introduce Terror


@csvan similar to the open source concept in general which allows for permission-less innovation, I see permission-less project funding as a central part of the Tip4Commit service. Making it "opt-in only" removes this. Why shouldn't a subsection of a project's contributors be able to use the service just because the maintainer doesn't like it?

duTrieux.
Oct 9, 2003



in both threads people will bullet out the specific legal and ethical problems and the rebuttals are almost always a variant of "nuh-uh"

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



Tiny Bug Child posted:

@csvan similar to the open source concept in general which allows for permission-less innovation, I see permission-less project funding as a central part of the Tip4Commit service. Making it "opt-in only" removes this. Why shouldn't a subsection of a project's contributors be able to use the service just because the maintainer doesn't like it?

free as in gently caress you dad don't tell me what to do.

Exinos
Mar 1, 2009


Don't you loving dare to take away my ability to throw pennies at people online.

surebet
Jan 10, 2013

avatar
specialist




Owlofcreamcheese posted:

[]5817707 [score hidden] 52 minutes ago*
OKay here it is. I'm living in the streets now... not thanks to Bitcoin but thanks to myself and my hopefuly beliefs about Bitcoin finally taking us out of slavery from money manipulators thousands of miles away taking a % of every transaction worldwide. I've always said I don't care if my coin goes to 0 if I help to change the world by adopting it it is worth it.

I've never lived in the streets before. I could sell my bitcoins now at a loss and get a car or apartment for the short term and be okay. But I'm going homeless. Why? I believe more in changing the world than my greed for profit.

Not only am I not selling at a loss, I'm going to continue to be homeless in order to keep them. I'm going to do EVERYTHING in my power to ensure that Wells Fargo does not see a dime from me ever again any time I can help it. That means not spending my BTC until people accept and hold BTC (not trade it directly for fiat)...

So I'm in long term, I don't care if it goes to $1 I"m going to keep buying if I get winter work, going to put every last spare penny into it still. When I go back to my regular job in the Summer... going to keep buying.

The only thing that we need to do is remember that bitcoin can never go away anymore. it will always be worth "something". Sidechains are going to make it more useful.

And the dollar is by laws of mathematics going to inflate FAR faster than bitcoin. It doesn't look like it because when two trillion dollars are manufactuerd its a drop in the bucket but when 1000 bitcoins are sold its a huge percent. As BTC growth slows down though it will become more obvious that worldwide the BTC will retain more value than dollar day by day.

Holding long term is the only right way to go. We're close to 0 already so if it DOES go forever away then well I can't get mch worse off than I am now. I'm learning to live in the streets so I can hold this long term.

I can't explain it all right now but seriously stop worrying. Think of it as LONG TERM. You only lose if you sell at a loss so pretend you put that in a 5 year CD instead and don't look at it's value daily, look at it a few times a year.

(edit: if another coin looks way more promising than bitcoin then I'm also diversifying my crypto investments but right now I'm 80% BTC. Just FYI I really like the direction of MAID and others that will liberate content from adertisers, trackers, and governments)

permalinksaveparentreportgive goldreply

an otherwise reasonably intelligent person i went to college had this obsession with not having a bank account

for a while he was cashing out his checks at payday loan places, but when it was pointed out that they were basically a) bank financed, and b) loving more predatory, he started only opting for places that pay cash

he's probably dead now

ArchWizard
Mar 27, 2009

There's the Roy I know and love.


surebet posted:

an otherwise reasonably intelligent person i went to college had this obsession with not having a bank account

for a while he was cashing out his checks at payday loan places, but when it was pointed out that they were basically a) bank financed, and b) loving more predatory, he started only opting for places that pay cash

he's probably dead now
did this obsession extend to not having a credit union account?

trucutru
Jul 9, 2003

Invoking fairy dust is not a crime.


From the tip4commit faq:

quote:

How can I remove my project from tip4commit?

Sorry, there is no such feature yet. Initially we thought that project owners have nothing to do with our project. Now there is a question.

If somebody wants to reward independent contributors of random opensource project, does he or she needs a permission from project maintainers? Should project maintainers have the power over economic activities of other people?

Lol.

-I don't want people to tip me.
-Stop limiting the economic activities of other people!

vOv
Feb 8, 2014



trucutru posted:

From the tip4commit faq:


Lol.

-I don't want people to tip me.
-Stop limiting the economic activities of other people!

if you want tipcommit disabled for your project then youre basically hitler

indigi
Jul 20, 2004



Pillbug

surebet posted:

he's probably dead now

good

RZA Encryption
May 11, 2006

I will never reveal the exponential secret.


I really want people to throw copper shavings in this guy's face at random moments throughout his life.

surebet
Jan 10, 2013

avatar
specialist




ArchWizard posted:

did this obsession extend to not having a credit union account?

of course

and like the homeless bitcoiner, i don't think banks make all that much on the activities of a minimum wage idiot maybe working part time

both of them don't seem to realised that even if your money doesn't touch a bank account on the way in, if you spend it, it goes back into the bank account of saner people, so

surebet
Jan 10, 2013

avatar
specialist




RZA Encryption posted:

I really want people to throw copper shavings in this guy's face at random moments throughout his life.

you'll need to make sure the grit is big enough otherwise you're inviting a drawn out conversation about the blockchain's inability to convey dust

BobHoward
Feb 13, 2012

The only thing white people deserve is a bullet to their empty skull


duTrieux. posted:

in both threads people will bullet out the specific legal and ethical problems and the rebuttals are almost always a variant of "nuh-uh"

it's a lot like the tactics coyle and sharpe used in their street pranks, only serious

Chris Knight
Jun 5, 2002

And I'm only saying this because I care.

There are a lot of decaffeinated brands on the market today that are just as tasty as the real thing.



Fun Shoe


mpyne 6 hours ago | link

Bitcoin is a scheme designed to create a deflationary store of value by wasting electrical energy, co-opted by a vast amount of people who really did look at it like "tulips" and who continue to operate today as if it's a pump-and-dump. You are certainly right to point out that there are a lot of Bitcoin developers and users who are not assholes and have good intentions, but Bitcoin is not the vehicle that's going to work for things like banking in undeveloped countries.
I'm honestly a bit surprised you brought that up, as even with the mining fees needed to pay off the Bitcoin network being subsidized by inflation of the money supply (which is apparently good when it's happening now in accordance with an algorithm that was certainly not determined by a centrali party, but won't be good in 20 years because ???), Bitcoin currently requires about $18 per transaction (https://blockchain.info/charts/cost-per-transaction). And the price is only that low because the value of Bitcoin in USD has been dropping steadily for months. If Bitcoin ever became as popular as its proponents hope then the per/tranx price will go up as well (until the entire network is burning through so much electrical power that more miners can't be brought online to compete in the Mine-a-Block lottery at the new, higher Bitcoin price).
Increasing the number of transactions will help, sure, but it's currently limited to ~7 per second, and although there are technical means of increasing that someday, the Bitcoin lead developer has indicated they probably wouldn't do that anyways (https://bitcoinfoundation.org/2014/...size-economics/) since then how will the poor miners make money?
And in a future where people actually have to bid their transaction fee high enough to be accepted by benevolent miners just to make it in the blockchain, how are the poor of Africa supposed to compete at all? I'm glad you're worried about them, but don't tie their fate to a network which is designed to be horribly inefficient just so people can say that no trusted third parties were ever utilized in a monetary transaction! Especially in this era of increasing centralization in Bitcoin itself; I don't see how those in Africa were their most-capable computing device is a mobile are supposed to compete with the mining pools and ASIC manufacturer/miners, all you'll have done is traded centralized protocols regulated by the public sector with centralized Bitcoin overseen by the profit-seeking private sector.
I'm not an expert on the wide field of crypto-currency but surely there must be something better out there.
reply

trucutru
Jul 9, 2003

Invoking fairy dust is not a crime.


Chris Knight posted:

mpyne 6 hours ago | link

Bitcoin is a scheme designed to create a deflationary store of value by wasting electrical energy, co-opted by a vast amount of people who really did look at it like "tulips" and who continue to operate today as if it's a pump-and-dump. You are certainly right to point out that there are a lot of Bitcoin developers and users who are not assholes and have good intentions, but Bitcoin is not the vehicle that's going to work for things like banking in undeveloped countries.
I'm honestly a bit surprised you brought that up, as even with the mining fees needed to pay off the Bitcoin network being subsidized by inflation of the money supply (which is apparently good when it's happening now in accordance with an algorithm that was certainly not determined by a centrali party, but won't be good in 20 years because ???), Bitcoin currently requires about $18 per transaction (https://blockchain.info/charts/cost-per-transaction). And the price is only that low because the value of Bitcoin in USD has been dropping steadily for months. If Bitcoin ever became as popular as its proponents hope then the per/tranx price will go up as well (until the entire network is burning through so much electrical power that more miners can't be brought online to compete in the Mine-a-Block lottery at the new, higher Bitcoin price).
Increasing the number of transactions will help, sure, but it's currently limited to ~7 per second, and although there are technical means of increasing that someday, the Bitcoin lead developer has indicated they probably wouldn't do that anyways (https://bitcoinfoundation.org/2014/...size-economics/) since then how will the poor miners make money?
And in a future where people actually have to bid their transaction fee high enough to be accepted by benevolent miners just to make it in the blockchain, how are the poor of Africa supposed to compete at all? I'm glad you're worried about them, but don't tie their fate to a network which is designed to be horribly inefficient just so people can say that no trusted third parties were ever utilized in a monetary transaction! Especially in this era of increasing centralization in Bitcoin itself; I don't see how those in Africa were their most-capable computing device is a mobile are supposed to compete with the mining pools and ASIC manufacturer/miners, all you'll have done is traded centralized protocols regulated by the public sector with centralized Bitcoin overseen by the profit-seeking private sector.
I'm not an expert on the wide field of crypto-currency but surely there must be something better out there.
reply

FUUUUUDDDDD! Stop spreading FUD!




who pays you?

My Linux Rig
Mar 27, 2010


surebet posted:

an otherwise reasonably intelligent person i went to college had this obsession with not having a bank account

for a while he was cashing out his checks at payday loan places, but when it was pointed out that they were basically a) bank financed, and b) loving more predatory, he started only opting for places that pay cash

he's probably dead now

good lord even the most stupid poor I know is smarter than to cash stuff at payday places

Malloc Voidstar
May 7, 2007

Fuck the cowboys. Unf. Fuck em hard.

searched twitter for blockchain, got http://genecoin.me/

why

Adbot
ADBOT LOVES YOU

Malloc Voidstar
May 7, 2007

Fuck the cowboys. Unf. Fuck em hard.

A challenge to /r/Buttcoin - Use the "valuable blockchain technology" to start your own coin that outcompetes Bitcoin (self.Bitcoin)
отправлено 2 hours ago, изменено * автор Shibinator

quote:

As we all know, /r/Buttcoin has (like many critics) had to collectively shift its criticism of Bitcoin away from accusations of Ponzi schemes, "it'll never work" and so on to a grudging acceptance that maybe the blockchain invention has some value. It's not that crypto currency won't work, it's because Bitcoin has too many problems which will only be solved in a later iteration.

A recent exchange with a brand new troll account prompted me to realise how ironic it is that despite the name /r/Buttcoin hasn't started up their own crypto currency yet, even if just as a joke/scam to deter people from Bitcoin or to make their genius selves millionaires.

Commonly cited reasons for Bitcoin's guaranteed failure / inability to "break into the mainstream" include:

Dodgy / questionable history of Bitcoin institutions (Bitcoin Foundation etc.)
High expenditure of energy on SHA 256 mining and proof of work
The number of surrounding scams (Mt Gox, Neo+Bee, recently Mintpal etc.)
Fixed currency supply, preference for Austrian economic policy over Keynsian economic policy
Unequal distribution of Bitcoin to early hodlers / committed investors
Fanaticism / ideology of Bitcoin supporters
Lack of incentives for new users to adopt, related to unequal distribution, pushy community etc.

Well, with a fresh slate, anyone in /r/Buttcoin could start their own crypto with whatever changes deemed necessary by their community to "fix" Bitcoin.

Bitcoin already has a huge handicap, since it's known globally for being a scam and failure among the multitude of "issues" listed above. If the Buttcoin lot are all such a bunch of know-it-all geniuses, they should have no problem convincing the world to adopt their currency, unleashing the full potential of blockchain technology. They can even get rich in the process!

My suggested starting point:

https://www.github.com/bitcoin/bitcoin

Edit: inb4 a lot of reasons they can't/won't, because as well all know mature adults criticise and mock without providing alternatives, the world being improved by passive critics and all

Edit 2: yep.
when did we/buttcoin start accepting blockchain is good

  • Locked thread
«944 »