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Paladinus
Jan 11, 2014

heyHEYYYY!!!
Has anyone said buttcoin yet?

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Paladinus
Jan 11, 2014

heyHEYYYY!!!
The fat nerd's cat is the real mastermind. Its name is on the documents.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Spatial posted:

Post random trivia about bitcoin that make you laugh.

Bitcoin burns over 400 megawatts of electricity to operate.

Bitcoin achieves throughput of 4 to 10 transactions per second.

A coal fired power plant must burn 53KG (118lbs) of coal per second to produce 400 megawatts. This means every single bitcoin transaction weighs in at a minimum of 5KG (12lbs) of coal burned. It is one of the least efficient systems ever designed by mankind.

Thankfully, president Trump has removed restrictions on coal industry, which basically signals a new golden age of bit coins.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
You wouldn't download
a money

Paladinus
Jan 11, 2014

heyHEYYYY!!!

SHISHKABOB posted:

This is my Bitcoin prediction: they are gonna be like trump. Everyone laughs their rear end off at the idea of it succeeding and the whole time it's just like wtf, but some ppl believe earnestly. And then boom outta nowhere it's gonna take over.

Still not gonna invest in Bitcoin tho, that poo poo is dumb as hell lol

Trump will make America great again for everyone, so it doesn't matter if you laughed at him or voted for him (or both). The same with bitscons.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
When I was young, everyone had their wallet on a chain. Everyone who was super uncool, lmao.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Moridin920 posted:

Bitcoins are dumb but there is this long running meme on here about how it is impossible to cash out...

no it isn't :shrug:

If it was then it wouldn't be so popular in China bc the entire point is that it is a way to convert domestic capital to foreign capital without the Chinese gov'ts taxation/blocks.

Sure you won't get millions out of it in any reasonable (by modern banking standards) timeframe but you can get under say like $50k out fairly easily.

Try it and report back then.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
CARL MARK FORCE IV.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

AARO posted:

Currently at $1080 down from $1248 24 hours ago.

Time to BUY!

Paladinus
Jan 11, 2014

heyHEYYYY!!!

I AM THE TOILET posted:

can't help but feel that bitcoins are valuable in the same sense that some piece of furniture on the antiques roadshow is valuable insofar as good loving luck in finding someone who would actually pay you real loving money for that poo poo

"this chair was appraised at $20,000!!!" yeah, great. who's buying? "a-durrrrrrrrrrrr"

You can sit in a chair.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Buy low, sell lower!

Paladinus
Jan 11, 2014

heyHEYYYY!!!

OMGVBFLOL posted:

i still cant quite figure out how bitcoin is so super anonymous if everyone who uses it supposedly has to download like every transaction ever to the tune of a bajillion gigs or w/e

can someone give me the "explain it to a five year old" answer here

You don't have to download it if you just want to pay with butts, that's only for people who check others' transactions for a small reward. But blockchain that contains all transactions ever is indeed accessible to everyone, and although transactions don't usually carry any personal info apart from your relayed IP address, it is relatively easy to trace them.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Link to Goatse in Sources, IMO.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Can I put my smart home's internet of things blockchain on cloud?

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Professor Shark posted:

Who is wining the SPlit War?

Nintendo Switch.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Remember when robbers have stolen 1% of all existing money in the world in one day? That was pretty bad.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
OP, I would like to purchase a bit coin. Do you accept pocket lint?

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Djeser posted:

the bitcoin price doesn't matter because it doesn't mean anything. it is literally a meaningless number, especially given how many exchanges have been struggling to provide USD withdrawals. the price of bitcoin isn't denominated in actual USD, it's denominated in theoretical USD that you might get if the exchange lets you cash out

But you can buy Minesweeper with it!

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Bits coin can be used to process transactions of one (1) supermarket on a busy day. That's pretty good. But get this, now there's also new Bits coin - it's cash Bits coin instead of cheques, which is a Bits coin revolution. Now you can have two (2) supermarkets working 24/7 fully operating with Bits coins. This is double good!

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Bytecoin is better than regular (fake) money, because
- If you send it to the wrong address or someone scams you, you can't return it
- There are no fees, except for the fees you need to pay not to wait ten minutes for your payment to go through
- Everyone can see everyone's transactions, so it makes it super anonymous
- Constantly failing and 'hacked' buttcoin banks and exchanges push you toward being your own bank, a thing that everyone wants to be. It's like being your own dentist or your own marriage counselor. Super cool.
- A scary thug can't steal your bits. Hackers and scammers can, but they don't have knives, and even when they steal all your money, they still probably can't hurt you, because bitsoin dreams about murderdrones are not real (yet!).
- Bitscoin makes some video cards cost more!

How can you not buy bitscoins right now??

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Ham Sandwiches posted:

Imagine thinking reddit mods are so awesome you buy the official /r/buttcoin book laughing about buttcoins, stickied by the mod that also wrote it L M A O

Just wanna read all the posts from reddit mods and people they make fun of, other redditors, in book format and a bunch of lovely tweets ahahahahaha

By a Unix Sysadmin, so you know he understands Technology, even though the book is not about Technology, it's about Psychology (something the rationalwiki reddit mod unix sysadmin wikipedia volunteer spokesperson may not know a whole lot about)

This is the real world

The book is already on blockchain, pal. Your own computer is reading it right now, lmao.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Ham Sandwiches posted:

Yeah I don't have a loving subreddit dedicated to mocking buttcoins dude, I didn't self publish a book made up of misleading cherry picked poo poo, I chime in on a forum from time to time but of course the guy that could only muster an emoticon as a post.... what am I expecting in response

The RationalWiki guy found his latest poo poo to debunk, made no effort to figure out whether he was actually right or not, and let his ideology cloud his ability to assess what the gently caress he's writing about, it's just incredible

There are people who deny the Holocaust has ever happened. And there's also a dude who makes fun of bit'n'coins.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Every time you use bit's coins, Libertarian Jesus smiles in heaven. Please consider using bobscoin.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Bitcoin cannot fail, it can only be failed.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
I've probably made more money on pogs back in school than 99% of buttlords have on bitcoins.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Ham Sandwiches posted:

Yes and, I'm asking you to explicitly state it instead of implying it, so I can respond to what you are saying, instead of what I think you are saying.

Reply to the goddamn effortpost, you enormous cretin. Jesus Christ, you've spent so much time and precious processing power arguing with people on the internet, you could have literally mined 0.0001 of a satoshi, which is basically millions of dollars in 2020. You loving twit.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Ham Sandwiches posted:

Uhh I reject your request and criteria dude, sorry. Please find someone else to engage on these terms, I haven't enjoyed any aspect of your discourse or how genuinely loving lovely it is.

Look, dude, I just want a long enough post from you that I can read in a funny voice. Can you melt down faster?

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Ham Sandwiches posted:

Like, I started replying line by line and it became unreadable, then I started rewriting it so it was a cohesive post, it seems pretty lovely that you are being this demanding about it... I started posting in here a few hours ago? The guy had a few days to write it up, I'm not on any kind of loving deadline to reply here and so why are you pretending I am?

I'm sure all those four days you literally ignored something awful dot com, not even checking on a thread where you habitually spree-post what amounts to light novels of text. Not even on your phone. Because you clearly have a very cool and exciting offline irl real life.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Oh, goons with their poisonous tongues are at it again. Sure, Amway, a COMPLETELY legal business that is ranked No. 29 among the largest privately held companies, there is no doubt that this huge multinational company is a scam. Let's just ignore that people make literal millions of dollars, and focus on some guy whose house burnt down because some Legacy of Clean brand detergents are known to catch fire at 29 Celsius. How can you be so intensely reluctant to see that it turns out, OH MY GOD, you can make MONEY selling PRODUCTS? What is wrong with you? How could this make less sense in your dumb heads than selling produce from your farm? Can you give me even one reason why Amway could be consedered a bad investment not stooping down to idiotic statistics where people who STILL OWN AMWAY PRODUCTS AND CAN SELL THEM AT ANY MOMENT are counted as ones that lose money on Amway. Come on, I'm ready to answer literally your every question, unless I don't feel like it!

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Ham Sandwiches posted:

Are you legit acting like I owe you a response within a certain time? Are you paying me for this?


What are you doing, gently caress off.

You've consented to this joinder by replying, you gently caress. Respect the contract.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Ham Sandwiches posted:

No I didn't consent to any stupid poo poo, get hosed

You con, you fraud! How very dare you! No wonder you couldn't make your way in the Bitcoin community where gentlemen never go back on their word.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Computer Serf posted:

:popeye:

:eng101: the fundamentals

  • make a rube goldberg machine spit out a few internet pogs with serial code tags numbered 1 - 21
  • take half the the numbers for no effort because you designed the system that way
  • make it so the other half of the numbers take 30 years to be distributed and also require the electrical input of entire nations
  • make some crazy claims as to why the serial tags are useful
  • sell the serial tags for more than it cost you to produce them to some rube who has no idea how the system works
  • ???
  • oops the limited supply has inflated by 400% over 6 months and now there are several hundred other producers of internet pogs but like they're rare right so better buy now because it's what the plants crave

Ah the old internet pogs prank. You've forgotten the part where there is no pog number 15, though.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Djeser posted:



the number.....the good number

Nice.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Ham Sandwiches posted:

So what I disagree with is that presenting Bitcoins / cryptocoins as yet another entry in a long list of well worn scams is simply untrue. Bridge scams, confidence scams, "people think its worth something" scams are long and storied. Cryptocurrencies, a non nation state specific way that you can buy goods and services not tied to any one nation state and capped in supply and using a decentralized system - is fundamentally different. Applying those same tired labels inhibits discourse, just like calling it Gambling did. I think cryptocurrencies should be evaluated on their merits and dealt with according to each person's appetite for risk, rather than using simplistic labels that are clearly inapplicable.

Okay, you know, I have to agree with you on that one after reading your post carefully. I am not afraid to admit I'm wrong when I'm wrong, and I hope everyone can do that. I would also like to apologise if I cam off mean when replying, I can see now that you know your stuff, and when you say that Bitcoin is not 'another entry in a long list of well worn scams', you can't be more right. It's a brand new type of scam. A scam on your computer. Scam 2.0.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Oh poo poo, I've checked the wiki, and the original Scam 2.0 is some internet forum where people pay ten US dollars just to register. The price of accountcoins is very stable, though.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Blade Runner posted:

Please explain to me and everyone else what exactly makes Bitcoins special, and why anyone ever would use them over literally any other option. What is so special about cryptocurrencies? The market cap is an artificial and utterly arbitrary thing. Not being tied to a nation state is also relatively arbitrary, because, again, any nation state could just loving take it if it felt like it. It seems like discourse with you on this subject involves the tacit acceptance that Bitcoin is somehow special, and I refuse to acknowledge that, because it isn't. It's poorly coded, does nothing particularly well, and has several pitfalls that make it awful for all of its touted use cases. It currently only has any use because its trade volume is so low that the Federal Government just refuses to look into it much.

e: 30 minutes, Bruno, stop 'da clock

He explains this in his very first point. You can quickly buy drugs and child pornography for personal use with bitcoins, and not be too afraid to get arrested. Maybe learn to read, lol.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Ham Sandwiches posted:

So a sort of implicit scam, like tulips. Except even in that case, you can point to the tulip growers that benefited and the cultural aspects of flowers that involved people.

So tulips were a better scam than bitcoins? Aren't new exciting things supposed to be better?

To this day the greatest contribution to art and culture related to crypto is this image

And it's not even about Bitcons.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Uhm, pretty sure bitcoin sells GPUs.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
Introducing NEW revolutionary WiFi-enabled cat toilet* with smell-o-vision attachment for your phone**. Now you can smell your cat's poo poo and piss from the comfort of ANYWHERE***.

*As seen on TV
**Only Windows devices are supported
***Up to 3 metres

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Paladinus
Jan 11, 2014

heyHEYYYY!!!
I work for Big Fiat, and that's why I hate bitscoin. I am afraid I can lose my job, which is printing money and also burning money.

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