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OJ MIST 2 THE DICK
Sep 10, 2008

Anytime I need to see your face I just close my eyes
And I am taken to a place
Where your crystal minds and magenta feelings
Take up shelter in the base of my spine
Sweet like a chica cherry cola

-Cheap Trick


Nap Ghost

akroydcoin's proof of work is filtered seven times through herkimer diamonds

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DaTroof
Nov 16, 2000

CC LIMERICK CONTEST GRAND CHAMPION
There once was a poster named Troof
Who was getting quite long in the toof


badfeel posted:

loosing money

Buttcoin.

neutral milf hotel
Oct 9, 2001

hail satan



Slippery Tilde

a holding bin for real money is a repository. a holding bin for buttcoins should be a suppository

Ursine Asylum
Jul 10, 2012

dreaming of that face again

it's bright and blue and shimmering

grinning wide and comforting me with it's three warm and wild eyes


four suppositions on the edge of a cliff

FCKGW
May 21, 2006

aaaaaaaaaa
AAAAAAAAAAA
HHHHHHHHH!!!!!!!!



Kuvo
Oct 27, 2008

Blame it on the misfortune of your bark!


Fun Shoe

FUD.jpg

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



so some company said they'd start making their own asics and run them in a "supercomputer*" and sell the hashing power to people just like you so you can be rich!



im the search evaluator at self employed.

source: http://techcrunch.com/2014/11/02/bi...supercomputers/

*please fishmech, i know that the bitcoin network is so specialized calling any part or the entirety of it a supercomputer is silly. it can't do anything other than SHA-256 with leading zeros in the result, let alone floating point operations.

e:

quote:

If the first phase of the company’s business plan is selling cloud mining services, the second is providing priority services for transactions, so that certain customers can get their transactions approved ahead of others in the blockchain. If a network can manage to control a large chunk of approvals, they can add additional fees to prioritize transactions, Ackermann says. In the future, the chief technology officer envisions selling its ASICs in 10nm format for mobile devices to Apple, LG, and Samsung to support NFC replacement in mobile devices to enable crypto authentication at registers. And finally, if the blockchain becomes the backbone for the internet of things, then processing transactions explodes, and powerful mining technologies become even more valuable.

centralized miners choosing to act ethically to preserve the value of buttcoin.

TVarmy fucked around with this message at Nov 3, 2014 around 16:47

surebet
Jan 10, 2013

avatar
specialist




oh wow

quote:

Bitcoin Elevator Pitch (self.Bitcoin)
submitted 4 hours ago by intergalacticrockets
As a longtime bitcoin fan and advocate, I too often get asked the question "Wait. What's this bitcoin thing again?"? As I think about it, I realize that it's a valid, and tough, question to answer. "the next generation Peer to peer digital cryptocurrency" works only with my nerdiest friends, and "the future of money" sounds generic.
So, I ask the interwebs: Given roughly 30 seconds, how would you describe bitcoin to the uninitiated? An elevator pitch if you will...

simple enough request, let's see how they fare

quote:

[–]Roboguy3 13 points 3 hours ago
Bitcoin is cash for the internet like web pages are newspapers of the internet.

quote:

[–]justgimmieaname 1 point 2 hours ago
Yup. "It's Money 2.0, designed specifically for the internet and e-commerce"

quote:

[–]DickSnow 1 point an hour ago
Agreed. It's better money that can now exist because of the internet.

well no, not really, but whatever



quote:

[–]pdx0 14 points 2 hours ago
Instead of appealing to their greed and self preservation, try instead appealing to their sense of justice. For example...
Uninitiated: "Hey Bob, did you catch the football game last night?"

You: "Oh yes, I really enjoy watching groups of aggressive men acting violently, it really appeals to my ingrained inner tribalism and suppressed anger"

Uninitiated: "Yes me too"

You: "Hey, you know what else is really exciting too? Overthrowing the yoke of your psychopathic debt master bankers who own your government, perpetuate fear and war, devour and oppress the world's poor peoples and are stealing your children's future by destroying the long term sustainability of the planet for short term profits!"

Uninitiated: <slack jaw, breaths heavily through mouth>

You: "And you know what's the best way to do all that? Stop using their favorite tool of oppression... the banker's money and instead use a peer-to-peer money called Bitcoin, it's good for your karma"
Uninitiated: "What you're saying all sounds fine but I'm just a self-centered affluent white person living in the first world, I don't care about all that stuff. I'm just a happy little cog with my place in this machine. I only care about my own immediate self gratification and bury my head to the rest! Rocking the boat is scary"

You: "Oh okay, well I guess if you change your mind you know where to find me"

Uninitiated: "Okay Later"

You: "See ya"


first of all, lol 30 seconds
second lol at all of it



and a bunch more that aren't really true or just plain stupid

quote:

[–]montaigne85 13 points 3 hours ago*
"Separation of money and state" - that will often trigger their curiosity to look it up for themselves

quote:

[–]bigwhitebike 4 points 3 hours ago
It might not be 100% sound but I always go with, "Bitcoins are like cash for the internet. No middle man, anyone with an internet connection can accept it, and for laughably low transaction fees."
"What do you mean laughably low?"
"Well I've seen $19M worth of bitcoins be transferred without a fee (US auctioned bitcoins). You might just have to wait a little longer than 10 seconds."

quote:

[–]bruce_fenton 4 points 2 hours ago
Like email for money.
Money in banks is really just a ledger entry that says who has what.
This new invention makes it so the ledger can be public for everyone to see while still offering privacy.
Since it's public and open it's actually more secure than one center all organization and it also eliminates many of the drawbacks of a central organization such as fees, risk of central failure and being seized by another party.

surebet
Jan 10, 2013

avatar
specialist




[–]sojellyfish 20 points 2 hours ago
Frank-"Do you have a smartphone?"
Jerry-"Yes."
Frank-"Okay, just download this app called Mycelium."
Jerry-"What?"
Frank-"MY-CE-LI-UM, M-Y-C-E-L-I-U-M."
Jerry-"Wait, why?"
Frank-"It's a bitcoin wallet."
Jerry-"I have to download something?"
ding
Frank-"Yes, but its just one time."
Jerry-"Look this is my floor I have to g.."
Frank-"DOWNLOAD THE WALLET, JERRY!"
Jerry-"Fk this, I'm out of here."
Frank-"WELL FK YOU JERRY, LET YOUR DOLLARS DEPRECIATE! I'M STANDING HERE TRYING TO GIVE YOU THE WORLD JERRY, ENDLESS POSSIBILITIES, AND YOU'RE JUST WALKING AWAY. GO SIP YOUR FASCIST FIAT LATTE JERRY. BET YOU DIDN'T KNOW YOU COULD BUY THAT LATTE WITH THE FREEDOM OF BI.."
ding

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



Kramer's first name is Cosmo, not Frank.

trucutru
Jul 9, 2003

Invoking fairy dust is not a crime.


You forgot the best one (I was going to post that same thread, ypu rear end in a top hat)

quote:

Bitcoin is Apple Pay for people without iPhones.

trucutru
Jul 9, 2003

Invoking fairy dust is not a crime.


http://cointelegraph.com/news/11284...-to-stochastics

Here is our 1-year Daily chart still referencing Fibonacci Retracements and a few Trend Lines broken back in July:





Conclusion

We have now turned Bearish across all time frames. Until proven otherwise any bounce is expected to just be new lower high until we can get back above US$420. What we thought was a nice positive move on amazing volume a month ago that took us from US$275 to US$420 was not enough to get the masses on board. A reasonable bounce to $340 is very possible but we are now looking for prices to reach low US$300’s and if that support goes, there is not much holding it up until we match 2014 lows in the US$265-275 zone.

duTrieux.
Oct 9, 2003




tea leaves are literally more readable than this

unpacked robinhood
Feb 18, 2013

drak cornfields of the earht, my dearest moths

this is your brain, on bitcoin

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

TVarmy posted:

blockchain becomes the backbone for the internet of things

EIDE Van Hagar
Dec 8, 2000

MVP
Most Valuable Poster Awarded 2002, 2005, 2007


Cybernetic Crumb

is bitcoin still bitcoining?

unpacked robinhood
Feb 18, 2013

drak cornfields of the earht, my dearest moths

kwinkles posted:

is bitcoin still bitcoining?

it's hyperbitcoinizing soon, prepare you're buttes

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



that means hyperinflation, but with bitcoins, right? i mean, they are making em faster than people want em.

surebet
Jan 10, 2013

avatar
specialist





wasn't the blockchain the internet of things?

jfc it's like staring into the abyss with these people

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



no the blockchain isn't the internet of things, it's a database so all things on earth will know about all things because everything will be on a public ledger of things.

the internet of thigns is more like this. image if you ran low on milk, but then your fridge ordered more milk? or you needed to wash your underpants, and you're out of laundry soap and don't use a hamper, so then your clothes washing machine pays money to a drone to buy some detergent and pick up your dirty clothes? its like a mom, but its also cyberpunk.

MGN001
May 12, 2012



TVarmy posted:

no the blockchain isn't the internet of things, it's a database so all things on earth will know about all things because everything will be on a public ledger of things.

the internet of thigns is more like this. image if you ran low on milk, but then your fridge ordered more milk? or you needed to wash your underpants, and you're out of laundry soap and don't use a hamper, so then your clothes washing machine pays money to a drone to buy some detergent and pick up your dirty clothes? its like a mom, but its also cyberpunk.

And then it turns out the fridge ordered the wrong kind of milk, so you kick it out of the house. Then it goes "gently caress you, dad" and puts an order for an automatic drone hit.

trucutru
Jul 9, 2003

Invoking fairy dust is not a crime.


MGN001 posted:

And then it turns out the fridge ordered the wrong kind of milk, so you kick it out of the house. Then it goes "gently caress you, dad" and puts an order for an automatic drone hit.

Wasn't there a comic with replicator appliances that would dope themselves? That's the kind of future I'm expecting. Didn't tip your oven enough? watch out for fireballs.

fake-edit: I remembered, it was transmetropolitan.

Dessert Rose
May 17, 2004

awoken in control of a lucid deep dream...


duTrieux. posted:

tea leaves are literally more readable than this

the conclusion is the best: "this poo poo is collapsing in flames oh gently caress oh gently caress"

FCKGW
May 21, 2006

aaaaaaaaaa
AAAAAAAAAAA
HHHHHHHHH!!!!!!!!



TVarmy posted:

Kramer's first name is Cosmo, not Frank.

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.


"bitcoin?!" karpeles kramers in the door and just keeps kramering, sliding off around the room, bouncing against walls. he kramers against your toilet, busting it up big time. you get the feeling he's trying to say something to you but he's kramering at such a high velocity you just can't quite make it out. as he finally nails a window and falls out you think you hear him exclaim "I'm a libertarian, that's what's so CRAZY about this" on the way down

fuctifino
Jun 11, 2001



Grimey Drawer


i'm the bearish break of a trendline suggesting a possible extended pullback

Greyhawk
May 30, 2001




Heresiarch posted:

"bitcoin?!" karpeles kramers in the door and just keeps kramering, sliding off around the room, bouncing against walls. he kramers against your toilet, busting it up big time. you get the feeling he's trying to say something to you but he's kramering at such a high velocity you just can't quite make it out. as he finally nails a window and falls out you think you hear him exclaim "I'm a libertarian, that's what's so CRAZY about this" on the way down

Hammerite
Mar 9, 2007

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


TVarmy posted:

no the blockchain isn't the internet of things, it's a database so all things on earth will know about all things because everything will be on a public ledger of things.

the internet of thigns is more like this. image if you ran low on milk, but then your fridge ordered more milk? or you needed to wash your underpants, and you're out of laundry soap and don't use a hamper, so then your clothes washing machine pays money to a drone to buy some detergent and pick up your dirty clothes? its like a mom, but its also cyberpunk.

I look forward to he future in which my new washing machine has to download petabytes of blockchain before I can start doing my laundry

Proteus4994
Jan 2, 2001

You like that don't you, you filthy fiat?

newreply.php posted:

when i was in NYC, bill murray came from behind me, put his hands over my eyes, then revealed himself to me and handed me a single coin, bearing his likeness.

he just said "no one will ever believe you", and darted away

valar morghulis

Weatherman
Jul 30, 2003

SCREECH


surebet posted:

jfc it's like staring into the abyss with these people

how would goatse be improved by integration with the blockchain?

RZA Encryption
May 11, 2006

I will never reveal the exponential secret.


Hammerite posted:

I look forward to he future in which my new washing machine has to download petabytes of blockchain before I can start doing my laundry

moore's law!!!!!

(washing machines will be able to wash 10000x more clothes by then, so by the time it's ready you'll be able to wash all the clothes that have accumulated at once)

unpacked robinhood
Feb 18, 2013

drak cornfields of the earht, my dearest moths

from gibbis

Fleve posted:

Because I am obviously being paid to do so by my statist-shill-banking-consortium, I just went through the last 11 hours of changetip tips and threw em in an excel sheet.

Out of a total of 350 tips over roughly the last 11 hours, 109 or just a little above 30% are currently still unclaimed. All 350 tips together were worth a total of roughly $73 dollars, making the average tip size, rounded up, $0.21. The most commonly tipped amount was $0.033 or whatever the current equivalent of 100 bits is. The smallest amount tipped was $0.00000325 or 1 satoshi, or 3¼ millionth of a dollar, or 3¼ ten-thousandths of a cent.

On an hourly basis, the amount going through changetip ($6.64) is lower than minimum wage pay. But of course this is entirely normal because those wages assume that you will make up for it... with...tips...oh.


Fleve posted:

On average the unclaimed tips are actually slightly higher than the claimed tips, coming in at around $0.23 vs. $0.21. You'd expect most unclaimed tips to tend towards the lower end, as the amounts get increasingly trivial and not worth claiming, but there are actually a few $1 tips and even one $3.50 tip that are so far unclaimed. Perhaps because it's only the most recent 11 hours, and of course 350 tips with 109 unclaimed is an incredibly small pool of data to work with, but I suspect another reason as well.

Amongst Bitcoiners, any tip regardless of quantity is likely to be claimed. The disconnect between real money and Bitcoins seems greater, with people readily accepting 1-1000 satoshi's even though those are just fractions of cents. I guess if you keep cheering in your echo cave, 1000 something seems a lot, as long as you don't express it in dollars. This probably causes a lower average tip-value.

Non-Bitcoiners meanwhile are far more likely to not even bother accepting a tip. First, because they can't be arsed to find out whatever the hell a satoshi or a bit is. Second, as long as it's an insubstantial amount, why bother at all; accepting a tip of $1 or less is just way too much of a hassle, especially if you then can't actually cash it out or do anything with it, except tip others and join the tip-circle-jerk.

Fleve posted:

A quick look through changetip and the data seems to support that Bitcoin is far less accepted outside of Bitcoin-related subreddits, based on the last 100 or so entries, I'd say an acceptance rate of roughly 30% outside of Bitcoin, versus 70% total. But a lot of those seem to be from Bitcoin-attempts to disseminate Bitcoin by starting a tipping-crusade in other subreddits, a quite recent development of Bitcoiners in an attempt to lure non-druggies into their misery by handing out samples.

unpacked robinhood fucked around with this message at Nov 3, 2014 around 21:23

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

Heresiarch posted:

"bitcoin?!" karpeles kramers in the door and just keeps kramering, sliding off around the room, bouncing against walls. he kramers against your toilet, busting it up big time. you get the feeling he's trying to say something to you but he's kramering at such a high velocity you just can't quite make it out. as he finally nails a window and falls out you think you hear him exclaim "I'm a libertarian, that's what's so CRAZY about this" on the way down

ChickenOfTomorrow
Nov 11, 2012



Illegal Hen

Heresiarch posted:

"bitcoin?!" karpeles kramers in the door and just keeps kramering, sliding off around the room, bouncing against walls. he kramers against your toilet, busting it up big time. you get the feeling he's trying to say something to you but he's kramering at such a high velocity you just can't quite make it out. as he finally nails a window and falls out you think you hear him exclaim "I'm a libertarian, that's what's so CRAZY about this" on the way down

drat i wish i could find the original of this

Greyhawk
May 30, 2001




ChickenOfTomorrow posted:

drat i wish i could find the original of this

"juche?!" stymie stymies in the door and just keeps stymieing, sliding off around the room, bouncing against walls. he stymies against your toilet, busting it up big time. you get the feeling he's trying to say something to you but he's stymieing at such a high velocity you just can't quite make it out. as he finally nails a window and falls out you think you hear him exclaim "i'm an secular statist, that's what's so CRAZY about this" on the way down

indigi
Jul 20, 2004



Pillbug

TVarmy posted:

its like a mom, but its also cyberpunk.

5

ChickenOfTomorrow
Nov 11, 2012



Illegal Hen

Greyhawk posted:

"juche?!" stymie stymies in the door and just keeps stymieing, sliding off around the room, bouncing against walls. he stymies against your toilet, busting it up big time. you get the feeling he's trying to say something to you but he's stymieing at such a high velocity you just can't quite make it out. as he finally nails a window and falls out you think you hear him exclaim "i'm an secular statist, that's what's so CRAZY about this" on the way down

https://www.youtube.com/watch?v=EP2GMyQdw78

Munin
Nov 14, 2004



RZA Encryption posted:

moore's law!!!!!

(washing machines will be able to wash 10000x more clothes by then, so by the time it's ready you'll be able to wash all the clothes that have accumulated at once)

we'll all be wearing holograms in our new hothouse future with the projectors calculating the chain

Greyhawk
May 30, 2001




Should we crowdfund the next Edward Snowden? (self.Bitcoin)
submitted 19 hours ago by 8nam

Rather than waiting until after someone has taken the scary step of coming forward, maybe we can entice insiders. For a prospective whistle-blower, knowing that one might be able to count on some form of "reward" might just be the difference between coming forward or not.

Granted, we'd need to instill plenty of trust in order to attract donations. Maybe we could use an M-of-N address controlled by a number of well-known figures - Glenn Greenwald, Julian Assange, maybe even Edward Snowden himself. Perhaps we'd use lighthouse.

Regardless of the mechanics (which are paramount), do you think this could this work?

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Greyhawk
May 30, 2001




So uh, how much of the MIT bitcoins were given away? (self.Bitcoin)
submitted 8 minutes ago by CosbyTeamTriosby

Does anyone have any info on how many bitcoins were distributed to MIT students this weekend?


[–]7badgers 1 point a minute ago
True believers in freedom, liberty and the trustless nature of the protocol will mind their own business.
Only "regulators" need to ask such questions.

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