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Pole kwa hasara yako [Here comes a scammer, Father] wahalifu kuiba fedha za [Oh yes, it's a scammer] From the day we arrive on the blockchain And blinking, step around the scum There's more to steal than can ever be stolen More to do than can ever be done There's far too much to lose in here More to, uh, find than can ever be found But the sun rolling high Through Satoshi's sky Keeps great and small on the endless round It's the Circle of Scams And it drains us all with despair, no hope No faith or love Till we find our coins On the birdbath unwinding In the Circle The Circle of Scams
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Jun 4, 2017 18:09
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Mumpy Puffinz posted:Ross had a file on his laptop called mycrimes.txt excuse me sir that's completely wrong, i think you'll find if you do your research that it was called log.txt LolitaSama posted:Whats the consensus?: I hear word on the street is even if i had bitcoins I wouldn't be able to convert it apparently you can get ActualMonies out of CoinBase if you're prepared to wait at least a week and put up with the withdrawal limit ($1000/day or something?) Fauxtool posted:What a waste of time spent making it i'm never getting those two minutes back
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Jun 5, 2017 09:24
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Burt Sexual posted:You forgot "amazingly simple to use". Since SA and Reddit just aren't enough to slake my thirst for arguing on the Internet, I find myself in places like the Financial Times comment section, where Bitcoiners say things like: quote:While ransomware is unfortunate, one unintended positive side effect could be the forced familiarization of cryptocurrencies to the masses. Desperate victims of ransomware attacks will inevitably be forced to open brokerage accounts at cryptocurrency exchanges, setup wallets and make their first transactions. After the bitterness wears off, people will realize how easy these transactions are to make. It would not surprise me if the trend in ransomware continues to fuel greater market caps for all cryptocurrencies including Bitcoin and Ethereium, but particularaly more anonymous currencies like Dash and Zcash. At the end of the day, ransomware could end being the killer app that revolutionized global banking. You see, being splashed all over the headlines as being all about the criminality, to the extent that people call for its banning, is actually good news for Bitcoin, because
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Jun 5, 2017 20:15
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Waffle House posted:What am I supposed to be seeing here the stable and reliable currency of the future !!
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Jun 6, 2017 21:29
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Comfy Fleece Sweater posted:I need a census you should buy, nobody else should you are our Captain of Industry, navigating us onto the rocks of Freedom
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Jun 6, 2017 23:40
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Ham Sandwiches posted:Yeah all that stuff happened, and if you could weather the dumb churn new things have when they get introduced (which included that stuff) now it's worth $3k. Big deal, goons were full of poo poo. If you could weather all the ways you could have lost, you would have won !! So, Ham Sandwich. You never did reveal: * how much money you'd made from acting per your advice * what your crypto holdings were. As others note: mojo1701a posted:I'd like to know this as well. Everyone keeps saying that you can buy low and sell high, but when you sell, someone else has to buy. What happened to the people that bought in before a crash? If you're going to come to this thread and give crypto advice, you really owe it to the people you're advising to give the proof of the pudding. I'd hate to think you were giving advice so worthless you weren't following it yourself. Also, Ross keeping a literal loving diary of his crimes is actually hilarious.
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Jun 7, 2017 23:44
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Ham Sandwiches posted:Do you remember the part where I said I would not? Indeed I do. However, it still remains you're advising people to do things you yourself don't do. But if you do do them, please tell! And if you don't, then actually you do need to explain why everyone else should do these things, when you don't yourself.
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Jun 8, 2017 00:30
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yeah you can totally get ActualMoney for yuor vast casino Bits-Coin winnings out of Kraken also out of Coinbase no worries mate
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Jun 8, 2017 08:16
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Buttcoin purse posted:Whoa poo poo divabot is writing a book and doesn't have any knowledge about the subject? I bet it's going to be a bad book, kind of like your posts. I have been using secret journalistic techniques unknown and alien to goons, such as "leaving the house" and "talking to people". Though mostly it's been reading loving reams of Bitcointalk, Reddit and the world's most awful collection of PDF white papers. The very worst are the government papers, like the UK report that was literally written by the consultants selling blockchain bullshit, or the EU security paper that uses as references Zero Hedge and Breitbart.
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Jun 8, 2017 15:13
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Ham Sandwiches posted:Hey, dude that only posts FUD and only negative comments about not taking a sledgehammer to your dick: it turns out that taking a sledgehammer to your dick is so obviously stupid that making an extensive list of reasons is probably superfluous to most people.
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Jun 8, 2017 15:54
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Comfy Fleece Sweater posted:This thread is such poo poo you should buy Billcoins and spend electricity to CURE MALARIA to repeat yet a loving gain: You can get rich from this stuff! But it's vastly more likely you'll be the one the first guys make their money from. all the cryptocurrencies are loving terrible, and now that Bitcoin is so full it's barely usable, others are recapitulating its circle of scams (cue song). (I found out the other week how Ethereum works. Holy poo poo, it's a barely functional mess of gaffer tape that only stays in one piece because the community still trust Buterin to make them rich.)
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Jun 8, 2017 19:31
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Spudalicious posted:What's up GBS I just spent $2k on a 5 gpu eth miner (all zip tied and ghetto as hell) and I'm currently cranking 130MH/s on 830watts. My returns are looking good so far, cashing out on quarter eths, just cashed 0.5 to usd, $128 after all txn costs. yeah, GPU mining is actually financially feasible on Ethereum right now. keep a close goddamn eye on all the numbers (hardware costs, electricity costs, Ethereum price) and you could actually come out ahead. you'll always do better building your own rig, assuming hardware competence of course.
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Jun 9, 2017 08:36
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Ethereum totally has no cultish tendencies you guys, not like those Bitcoiners and their Satoshi worship
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Jun 9, 2017 13:46
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Chitin posted:Wait wasn't Ham Sandwiches the dude playing devil's advocate about vaccines causing autism (or rather *he* doesn't think so but just in case...) a couple of weeks ago? clearly, vaccines cause bitcoining
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Jun 9, 2017 16:35
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QuarkJets posted:I think it's a very small factor; last I read the latest big wave of ransomware collected less than $100k. And it's amazingly difficult to get your money out of exchanges in more than a dribble without vial-of-blood KYC/AML identification. This keeps your USD on the exchange, where you can use it for no purpose whatsoever other than buying more cryptoooooooos and thus the bubble inflates this is, obviously, good news for vaccines
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Jun 10, 2017 00:15
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And in conclusion you should continue to have full confidence in the exchange system, Mr. 对不起你的损失
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Jun 10, 2017 10:09
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divabot posted:And in conclusion you should continue to have full confidence in the exchange system, Mr. 对不起你的损失 Comfy Fleece Sweater posted:Sounds like a good idea to get the police involved The Chinese police are of course well known for their eagerness to help random Americans from the Internet. (What actually worked was Reddit, who are therefore the Internet Police.)
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Jun 10, 2017 16:27
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Oh look, Bitcoin dropped $500! Let's look at the exchanges you can get ActualMoney out of ...Coinbase Status posted:Coinbase is currently experiencing high traffic & customers have receive a "service unavailable" message when visiting Coinbase.com. We appreciate your patience while our team actively works to resolve this issue. HOW DOES THIS KEEP HAPPENING
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Jun 12, 2017 22:11
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LethalGeek posted:I so want to hear some chucklefuck goon bitching how they tried to get in on this easy money and suddenly the (very predictable seriously this happens everytime) reality of buttcoin kicks in. They'll start a thread about how (other) goons are wrong about everything
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Jun 12, 2017 23:39
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meth-huffer on r/ethereum: "WHY ISN'T THIS HEADLINE NEWS" because dear boy, "news" is something that is unexpected
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Jun 13, 2017 01:33
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You can be absolutely assured that your tokens on the Ethereum blockchain are completely safe investments! Meanwhile, this Bloomberg piece on the DAO hack is pretty good, particularly if you use Firefox "reader" mode.
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Jun 13, 2017 23:52
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Ham Sandwiches posted:Hi you never responded to my repeated questions, I'd hate to think you are simply going to ignore them, after repeatedly asking me about my holdings until you got a response? There's no way that you'd just straight up ignore my questions after getting yours answered, right? Because the normal default position in terms of financial advice is that joining into a bubble is a bad idea, and particularly a bubble in a field with so many extensively-documented opportunities for wipeout disaster like this one, as has been repeatedly pointed out to you personally. So the burden of proof is on the person advocating that ordinary people join in. That'd be you. Your turn! Tell us about your bitcoin trading career. Size of holding, how much you've made or lost. Waiting.
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Jun 14, 2017 16:32
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Computer Serf posted:If you think bitcoin is going to be worthless you can actually bet against it though margin trading so... funnily enough, weird poo poo keeps happening on the exchanges when the price drops and you want to collect HOW DOES THIS KEEP HAPPENING
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Jun 15, 2017 08:30
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Toys For rear end Bum posted:Oh look, Bitcoin is crashing again. FREE MONEY FREE Waffle House posted:One of our clients at work (We do IT services) got a shakedown email last week demanding 1btc "or else" they'd spam/ddos/hack/etc them. we got this too we went "LOL" and got upper mgt. to approve us spending more money on stuff, cloudflare etc
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Jun 15, 2017 17:33
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Strategic Tea posted:"I'll make money on this pyramid scheme but get out while the going is good" - surprisingly few people. Even banks are discovering it's still poo poo: "There is currently no commercially available proven technology platform tested for enterprise class volume, security, reliability and regulations yet. This is one of the key factors holding back the productive implementation of the use cases. To date for conducting POCs, banks have used available open source or vendor technologies. Several compromises or assumptions can be made at POC stage but these cannot be carried on to production systems." Note that the rest of that report is pretty enthusiastic.
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Jun 16, 2017 00:14
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Burt Sexual posted:I'm friends with someone at Deloitte consulting, they have a whole group doing blockchain stuff. I've never bothered to ask what. When people wave handfuls of cash at you shouting "SELL ME A BLOCKCHAIN! WHATEVER THAT IS!" any good consulting company knows what to do. This is easier than you might think, since the actually good bit is the tamper-evident ledger, and you get that using anything that chains hashes. You could put all your transactions into a Git repository and you'll have a hash that uniquely fingerprints the entire ledger and a hash to identify the version at any given time. (Some "distributed ledger technology" products are pretty much a simplified version of copying Git repositories around. Technically, a shared sheet in Google Docs is "distributed ledger technology.") When blockchain schemes do promise some specific outcome, it's usually the magic of full availability of properly cleaned up and standardised data. The actual problem is cleaning up the data in the first place, or getting legacy systems talking to each other at all; in finance in particular, the back-office systems are decades old and won’t interoperate without tremendous effort. But of course, it turns out "blockchains" won't fix your data for you, and they won't replace your back-office systems without as much work, time and money as any other software replacement project would be. The hype is spectacular bullshit, though. I sat in on one presentation by a Big Four accounting firm on the Blockchain in health care: three blokes (one with a tie, two without) talking about the hypothetical possibilities a blockchain might offer health care in the future, all of which was generic extruded blockchain hype, and much of it Ham Sandwich-level bitcoin hype with the buzzword changed. When an audience member, tiring of this foggy talk, asked if there was anything concrete that blockchains could offer the NHS, they responded that asking for practical uses of Blockchain was "like trying to predict Facebook in 1993." The main takeaway for the health care sector people I was with was swearing never to use said accounting firm for anything whatsoever that wasn’t accounting.
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Jun 16, 2017 20:34
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QuarkJets posted:That's exactly right; a blockchain is an append-only distributed database where you give untrusted parties the ability to make insertions, and you deal with untrustworthiness by requiring everyone to participate in a hardware arms race. If you get outspent and lose control of your own database to some competitor then that's just the free market deciding that you don't deserve to control your own blockchain anymore, and since it's the free market making the decision that means the decision is just for those who want the interlecktual bitcoin thread, it's on YOSPOS and we had a discussion a few pages ago about security issues in permissioned invitation-only blockchains. tl;dr you know your employees who get phished and cryptolockered and send passwords to boss@totally-your-company.ru? yeah, imagine them leaking your company key to said blockchain.
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Jun 17, 2017 01:26
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Buttcoin purse posted:That face just makes me irrationally angry, like I want to punch my screen, which is ironic since I did a GIS and recognized his name from that Let's Read: "Harry Potter and the Methods of Rationality" thread I read a little of. I can't even remember many of his stupid opinions, I just wish I didn't have to see his face every time I read your posts I wish the same. I know who bought it for me and went "well played, goon" but I expect I'll be coughing up :5bux: so they can spend  to put it back againJohn Big Booty posted:it's almost as big as the blockchain. insert wacky Sir Mix A Lot pastiche
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Jun 17, 2017 09:34
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QuarkJets posted:lol he literally says "imagine bitcoin is used for 10% of all remittances in the world, it would be worth so much!" as a way of evaluating the future value of bitcoin Of course, I tracked this standard Bitcoin claim down: "The supply is limited, so the price can only go up!" Hal Finney posted in 2009: quote:As an amusing thought experiment, imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world. Then the total value of the currency should be equal to the total value of all the wealth in the world. Bitcoin advocates then immediately adopted this idle musing as something that would obviously happen. The problem is that Bitcoin is deflationary. Let's assume for a moment that Bitcoin's crank goldbug economic theories work (which they don't). As economic value traded in Bitcoins increases, the limited supply means the economic value per bitcoin goes up, which means that the price of things in bitcoins goes down. This means the dollar value of one bitcoin indeed goes up! However, it also means there's absolutely no incentive to spend your bitcoins if they’ll always be worth more tomorrow. This means economic activity goes down, and if there are alternatives - altcoins, or just using functional existing payment systems - Bitcoin loses users and interest. Back in real-world economics, the price of Bitcoin goes up when there's demand for it as a speculative commodity, drops when demand drops and is hugely volatile the rest of the time because trading is so thin. But it’s important to note that this idea - that limited supply equals MOOOON - wouldn’t work even in hypothetical Bitcoin economics. Instead of using their coins, Bitcoin holders keep holding waiting for the price to go to the moon, and even when merchants accept Bitcoin almost nobody buys with it. Prominent Bitcoin advocates have even worried that merchant adoption - people using Bitcoin as currency in the real world - might drop the value of their holding. Digital Gold by Nathaniel Popper, chapter 31, notes leading lights of Bitcoin expressing this precise worry at the Bitcoin Pacifica conference in 2014: quote:For the sake of Bitcoin as a whole, there were many who worried that the consumers who were buying things online through Bitpay were pushing the price of Bitcoin down; generally when online retailers accepted Bitcoins they immediately sold them off for dollars, creating a downward pressure on the overall price. edit: goddamn I hate that avatar
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Jun 17, 2017 14:23
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mojo1701a posted:It was always possible to make money on Bitcoin. Just not on Bitcoin itself (cf. selling shovels during a gold rush). And in Bitcoin, the shovel sellers are crooks too!
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Jun 20, 2017 15:40
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1redflag posted:Link to explanation? the file that vicious buttcoin sneer culturists refer to as "mycrimes.txt", but whose actual title was "log.txt". to summarise: Ross Ulbricht literally kept a diary of his Silk Road activities on his laptop. The one he ran the site from. The one he used at coffee shops and at a library. The one a pile of feds snatched off him when they arrested him. The one that was basically the motherlode of Silk Road evidence, in a nice little bundle with a bow on top. "I imagine that someday I may have a story written about my life, and it would be good to have a detailed account of it," he wrote in January 2012.
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Jun 20, 2017 20:35
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fruit on the bottom posted:Basically a prosecutor's wet dream, then? Jury took four hours to send him away for life without parole, including lunch. mojo1701a posted:Didn't the FBI who seized his laptop also pretend to be a bickering couple so they could distract him before he could lock his laptop by closing it? let me just quote myself: ---- Ulbricht had been doing all his Silk Road work from his main daily laptop. One afternoon in September 2013, he was sitting in a library, using their wifi to administer the site, and talking to a friend in the site’s online chat. Two apparently-homeless people started arguing loudly behind him; he turned to look, and the slight young woman using the desk opposite snatched his laptop. She was a government agent. So were the homeless people. So was the friend he was chatting to. The laptop contained the near-complete collection of smoking gun evidence on the Silk Road, gift-wrapped with a little bow on top. It included the list of Silk Road servers and the names Ulbricht had used to rent them, the Silk Road accounting spreadsheets (including the purchase of the laptop), on-site chat logs, the PHP code for the site itself, photo ID for other Silk Road administrators, all the encryption keys for the site, 144,000 bitcoins ... and log.txt, Ulbricht’s daily diary of his Silk Road activities: building the site, dealing with business issues, ordering hits on people.[1] “I imagine that someday I may have a story written about my life, and it would be good to have a detailed account of it,” he wrote in January 2012. Everyone had assumed that “Dread Pirate Roberts” had the most painstaking operational security imaginable. It turned out Ulbricht was protected by nothing more than an impenetrable shield of narcissism, and an apparent belief that he was too smart and virtuous to be caught.
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Jun 20, 2017 23:53
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800 words I just scribbled on WTF an ICO is. What else would you like to know, or expect me to tell you, about ICOs? ---- ICO tokens: the ultimate crypto asset ICO stands for “Initial Coin Offering” or “Initial Crowdfunding Offering”. These are typically tokens running on top of the Ethereum blockchain. You create a smart contract that manages a pile of tokens, sell a small percentage and hold the rest to sell later. You also keep centralised control over the token. Token offerings have been around a while, but kicked off enormously in the second bubble. The usual pretext is crowdfunding, but in practice the tokens are just traded on the exchanges as commodities. The creators then cash in. The value proposition for buyers is, as for the creators, easy money in a bubble. Bancor’s ICO raised $144 million with none of the due diligence of an ordinary Initial Public Offering, the barest prospectus and no indication their plan (a way to sell altcoins that aren't selling otherwise) would even work. This is clearly superior to the IPO bubble of the dot-com era, in that these aren’t actually shares, and the purchasers have no influence over the funded enterprise even in theory. The ideas themselves are as bad as the worst dot-com IPOs. Golem offers a “decentralized” (buzzword alert!) market in computing, like Amazon Web Services except you can only pay using their token; Gnosis and Augur offer semiautomatic prediction markets using their token; Digix is a cryptocurrency backed by gold; SingularDTV is a bizarre plan to fund a TV show about the Singularity in which a Caribbean island adopts Ethereum as its currency and Austrian economics works (this one gets its own section later in the book); Iconomi is an index fund of other ICOs.[1] The token smart contracts are often incompetent in both intended functionality and in the details of the programming.[2] This turns out not to matter as long as they do the basic job: attract buyers and sell tokens. Status raised 300,000 ETH (then $90 million) to ... write an Ethereum phone app. They capped it at 300,000 ETH – hopefully that’s enough to develop a phone app! – and it still sold out in just a few hours. The actual promises as to what people will get for that $90 million are typical:[3] quote:Risk of abandonment / lack of success : The User understands and accepts that the creation of the SNT and the development of the Status Project may be abandoned for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success or prospects (e.g. caused by competing projects). The User therefore understands that there is no assurance that, even if the Status Project is partially or fully developed and launched, the User will receive any benefits through the SNT held by him. The other big problem with ICOs is that they are already recreating the Bitcoin transaction clog, but on Ethereum. Both the Bancor and Status ICOs filled the blocks on the day of their release, with Stable’s higher transaction fees blocking all smaller transaction fees for several hours. Some exchanges had to stop trading ETH because they couldn’t get transactions onto the blockchain.[4] ICOs are reminiscent of one of the most famous share offerings from the South Sea Bubble of 1719-1720, “A company for carrying on an undertaking of great advantage, but nobody to know what it is”:[5] quote:The man of genius who essayed this bold and successful inroad upon public credulity, merely stated in his prospectus that the required capital was half a million, in five thousand shares of 100 pounds each, deposit 2 pounds per share. Each subscriber, paying his deposit, would be entitled to 100 pounds per annum per share. How this immense profit was to be obtained, he did not condescend to inform them at that time, but promised that in a month full particulars should be duly announced, and a call made for the remaining 98 pounds of the subscription. Next morning, at nine o’clock, this great man opened an office in Cornhill. Crowds of people beset his door, and when he shut up at three o’clock, he found that no less than one thousand shares had been subscribed for, and the deposits paid. He was thus, in five hours, the winner of 2000 pounds. He was philosopher enough to be contented with his venture, and set off the same evening for the Continent. He was never heard of again. The finest ICO remains, of course PonzICO,[6] a piece of “blockchain performance art” wherein later contributors are paid directly from previous contributors, with the founder taking a meagre 50% off the top. His pitch – “In today’s age, it seems better to promote the plausibility of future profit rather than waste energy on actually delivering”[7] – was sufficient to gross $4000 as of June 2017.[8] . 1 Survey of the top 8 ICOs at the time: Lyle Cantor. “A Tour of the Ethereum Token Bubble”. 18 June 2017. 2 e.g., Emin Gün Sirer, Phil Daian. “Bancor Is Flawed”. Hacking, Distributed (blog), 19 June 2017. 3 “SNT Creation and Status Project Creation Conditions: Explanatory Note & Governance Terms”. status.im. 4 Stan Higgins. “ICO Blues: Status Raises $64 Million (So Far) But Leaves Buyers Waiting”. CoinDesk, 20 June 2017. 5 Charles Mackay, Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, chapter 2. “The South-Sea Bubble”. 6 https://ponzico.win/ 7 Josh Cincinnati. “PonzICO: Let’s Just Cut To The Chase”. 12 May 2017. 8 “Ethereum Account 0x1ce7986760ade2bf0f322f5ef39ce0de3bd0c82b Info”. Etherscan.io.
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Jun 22, 2017 17:44
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btw, the book is up for preorder, release date July 24. OH GOD I HAVE THREE WEEKS TO DO ALL THE THINGS if you're a cheap bastard, you can basically read the entire text on my facebook, if not conveniently. (posted drafts from late May on) there is a FAQ. it has one answer, and I didn't even have to say what the question was.
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Jun 29, 2017 09:27
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SavageGentleman posted:Looking forward to your book!  TO DO: * write the conclusion (yeah, I uh haven't actually finished the text yet) * finalise the art (cheers to my great artist Alli Kirkham, give her work) * work out how the gently caress to record sound off Skype on Android * because I need to talk to someone from Bitfinex about their bit and you bet there's NFW I'll be doing that without permission to record * paperback layout (OH GOD THERE ARE A ZILLION PAPERBACK SIZES I HAVE TO MAKE DECISIONS) * work out publicity routine * drink self into stupor nearing 100 presales, pretty good Initial Book Offering! I can honestly say this book would not have been possible without Something Awful. Here's to sneer culture, the wind beneath my wings. Waffle House posted:Gotta cite that lemon party; they do quality work in the lemon party. I used to have root on the server that hosted lemonparty. I was pretty surprised to find out.
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Jun 30, 2017 19:11
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Comfy Fleece Sweater posted:Siri write down my new idea : Star Citizen ICO tokens or some poo poo I literally told people on FB and Tumblr "send me dollarcoins and poundcoins on the paypalchain for an undertaking of great advantage, but nobody to know what it is" and they sent me loving money. I got £20 and had to tell them to stop it I was joking. I considered starting an ICO but the loved one has these "ethics" things and vetoed the idea.
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Jun 30, 2017 23:48
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QuarkJets posted:how do i mine blocks on this new bookchain, does cpu mining still work or do i have to order more milk crates? the bookchain uses shelving from Ikea by preference the proof of work is doing poo poo like what I'm doing which is watching Craig Wright's talk at The Future Of Bitcoin. Most of an hour of Hugely! Emphatic! loving Sweary! Emphatic! Markov blockchain! Bullshit! really, I read a mountain of loving awful 10,000 word white papers so nobody else has to
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Jul 1, 2017 13:10
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Buttcoin purse posted:That's the Australian Satoshi right? I'd be disappointed if he didn't use the word oval office at least twice. He did tell objectors to "gently caress off" at one point. Oh, he also offered to sue people calling him a "fraud": 3:39:21: “I’m a pariah. I am an evil person that some people like to call fraud. Some of those are going to discover the legal consequences very cert, ah, sure ... well, I won’t say exactly when, and I won’t say who quite yet, but they’re coming.” Buttcoin purse posted:Also what the hell is your new, less objectionable avatar? Eliezer Yudkowsky in his early period. Floating overhead: Roko's basilisk, recently escaped from the AI box.
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Jul 1, 2017 19:02
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Comfy Fleece Sweater posted:Just wait a few months when this poo poo inevitably crashes again and get them for 70% off used "this card totally wasn't used for crypto mining and is definitely not trashed"
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Jul 2, 2017 01:28
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drug kingpin turns out to be horrible person !! what are the odds huh
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Jul 22, 2017 16:13
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