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orange juche posted:Ah, the old isk doubling scam More like the isk casinos. poo poo we already have the isk bank done with tether. Is bitcoins the new eve currency?
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Dec 28, 2018 03:37
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They do know the best methods to double isk scam people. So either adar just made rda a sucker or adar is using rda to make uranium a sucker or.... Man my head hurts I think ill go lay down. Bitcoin is dumb.
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May 17, 2019 09:50
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MarksMan posted:I actually use more power than just my crypto, because of my 2 cultivation licenses. The crypto is about 79,000kWh/month, which is definitely more than the cultivation facilities. I feel bad about it sometimes That's nearly a household amount per year...in one month Is it honestly worth it for
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Jun 22, 2019 04:15
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Burt Sexual posted:This thread is so stupid now. Now? The stupidity has always been inversely proportional to the price of butts. Higher it goes the stupider the thread becomes. I call it the Inverse Butt rule. Or IB for short.
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Jul 11, 2019 07:27
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What's the point of walking off with all the monopoly money? Its not like they can just convert it to cash or something, only trade it for different monopoly money. Or drugs I guess? And sell those? But that just seems like so many unnecessary extra steps
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Dec 4, 2019 07:26
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How the gently caress did Fleetwood Crack go about bragging about putting 800 dollars in buttcoin, and buying a ps4 with his "gains" go to him being the last bastion of cryptocurrency defence, holding the lines from all the non-believers of the free market in 30 pages. Is it ghostty? Is he a ghostty rereg?
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Apr 30, 2020 09:14
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The guy is passionate and nice, not particularly smart. This kind of stuff makes me laugh though because technically speaking, hyping up a traded asset (like stock) is super illegal to prevent the pump and dump schemes... but now we've entered some sort of cultural zeitgeist similar to the area 51 thing. Like "They can't stop all of us hyping up a thing!"
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Apr 16, 2021 20:11
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InternetJunky posted:There's an entire populace of morons out there who seem eager to part with their money over NFTs. I don't think I'm an rear end in a top hat for asking if there's still money to be made off of them. "I'm not contributing to the vast damage and energy waste cryptocurrency does!" I yell, as I economically contribute and incentivize more behavior by trying to take advantage of said system.
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Apr 30, 2021 06:10
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CaptainSarcastic posted:USDC looks phenomenally stupid. Like, really impressively stupid. Look into your heart. You know the truth.
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May 1, 2021 06:05
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So I love points like this because it misses a key attribute of an economy: it has to grow. If you only have 21 million buttcoins in existence then there will be some point where a person literally can not be part of an economy because there is no butts left to give. Like the gold standard problem the US faced. What, do they assume no one will hoard buttcoins? No one will save them? That the richer buttcoin holders will be ethically good? Like it baffles me because this is problems we have already solved* and yet they want to go and make the same mistakes? *Solved as in that specific problem, not the problems resulting from it.
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May 3, 2021 18:53
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Ccs posted:Has David written a post about chia and this storage stuff because i have no idea what any of your are talking about. As far as I understand it, the new crypto hands out "seeds" of large volumes of garbage data. The person puts that "seed" and its generated "crops" onto their hard drives and then the new crypto calls out a winner for a specific "crop". If you have the crop, you win the best in show blue ribbon and get a chance with MaryAnn who you're pretty sure is not your second cousin.
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May 12, 2021 20:01
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WillPac posted:Proof-of-work is different because it requires significant physical infrastructure in the real world (ASIC machines, energy costs, warehouse rent, etc.) and those real world ties are what gives it value to me. I'm always bugged by this take because it takes a real leap of faith to believe this. Proof of work makes sense because in noncoin land that's what moat of us do for actual money. We do some arbitrary task or create some arbitrary good to make some number in a ledger go up and use that number to buy things. So when you reduce that logic down, the coin logic seems to be a good stand in for this system. The problem with it though is that now you replaced you doing some arbitrary task with a computer doing it...and...that's it. Now the thing that actually gives it worth is removed- you. All you are now is a Shepard for a piece of hardware. As you pointed out, now its about energy and space- which fundamentally is limited and not available to everyone. You ideally want it to be but you know as well as I that there will always be bad agents and they will always try to hoard it and ultimately gently caress over everyone else as much as they can. Reductionism arguments aside, The value is not the space itself, or even the energy to do it. Its the people doing those tasks to make that happen. A computer chugging away at some random number generator has no value, bit the people who design and test it does. The efforts involved give that value. At that ideal point, why not just hope for the Star Trek universe where scarcity simply doesn't exist? Why need imaginary coins in the first place if the ideal state is where true effort is the value put forth by individuals? No, instead its the magic box and the things to feed it that makes value. Make a home for the magic box and perhaps he too will grant you some wealth.
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Jun 2, 2021 01:11
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So can someone explain to me the proof of stake poo poo that people keep claiming is going to fix these buttcoins? I'm in a server with a guy with a real hardon for nfts and he "is actively working with the technology to find solutions". When someone brought up the problems with the mining costs, he just went on about proof of stake will fix it. As far as I understand it, its a system that gives power based to the owners of the coins. So if you own like 3% of the coin you own 3% of the mining power... So like how does this prevent from some entity owning 95% of the coins and controlling the market? Like sure they'll say "oh but if one person owned all the coins it would be devalued and therefore its fine" but like... isn't the majority of the actual wealth in the us (90%) owned by like a dozen people? Whats stopping everyone just to hold their coins tight so no one really can sell them? Like is it really just a sophisticated way to get people to hold the bag?
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Jun 28, 2021 19:37
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Hey google show me a person who thinks they've done research about bitcoin but has only watched 3 youtube videos about it.DerekSmartymans posted:Well, if you educated yourself there is no way else you could possibly come to a different conclusion to the “objectively correct” conclusion as I did. Ah thank you google. Such a useful site.
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Sep 3, 2021 02:13
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zedprime posted:The reason is the same as the reason Steam is banning it now. A database goes away with the game. An NFT authorizing things in the game will exist after the game because it's a crypto security. A separate game could use the same NFC auth kind of like you can put your magic card in your bike spoke or just play magic with it. See the puzzling thing about this is...what's the point. Let's say I have a nft of [Windfart, NFT sword of Cryptoseeker]. The game registers it into an nft, so now there is proof I 'have' such an item. Now the game dies but I still have the nft saying I had it while the game existed. Now lets say the sequel of the game comes out. What incentive does the new game have to actually go.. "Ah yes, null, a man of class. I see you have [Windfart, NFT sword of Cryptoseeker] tied to your player. I shall give you X. Jubilation!". The only possible reason is I could see is create some sort of scarcity scenario where the devs say. "Oh you want X? Well if you pay us 20 bux or have a nft of [Windfart, NFT sword of Cryptoseeker]" you too can get it! So any percieved value is immediately controlled by the game. If they don't set the price, then there is a shitton of development work dedicated to something that returns no expected profit, so why work on that instead of you know... the game itself? It assumes a hell of a lot that nft will grow value because the demand of it will rise, but there is no pressure on the system in place to create that demand. So what, they want to create some sort of system such that if you have I dunno..inherited an nft from grandpappy youll be rich? Isnt that currently the system were in? Even if you bring the speculation market into it, how will you know [Windfart, NFT sword of Cryptoseeker] will be the next 1st edition charizard foil or Fat pikachu? It could be just an energy card for all you know. Guess you better collect all the nfts and hedge your bets!
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Oct 16, 2021 23:09
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Beartaco posted:Does anyone have any articles that go through how NFTs are made and traded? I get the gist of what they are, but I don't know what the actual "minting" process is. You convert the image url into a giant hash file and pay "gas" to commit it to the blockchain. Its so easy! (Basically the minting process is the same as any other transaction in cryptocurrency. You put a bounty for some server farm to solve some math puzzle and commit it to the """ledger""" so everyone knows said transaction took place.)
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Oct 28, 2021 06:40
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The number its """""""worth"""""""" is directly tied to their ego. Everytime its down they are quiet and timid.
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Nov 3, 2021 10:48
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repiv posted:it's actually even dumber than that, they've made their own token specifically for the cartoon (distinct from BAYC) and holders are supposed to get a cut of revenue from the cartoon (lol) Im wondering if I have dyslexia becauae redape read wrong to me. That's just a poor naming scheme. So when is Netflix going to pick up this show?
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Nov 30, 2021 00:25
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divabot posted:dived in to argue in the comments, because uh well I can't believe its a hit piece article. Ruining buttcoins!
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Dec 11, 2021 20:38
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Guys guys. I got it. A nft set of crypto currency images. Bitcoins with small deviations, ethereum crystals with various levels of jo power. Dogecoins with various type fonts similar to comic sans. Buy now before demand skyrockets!
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Dec 16, 2021 10:10
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coelomate posted:Excellent article and commentary on the reality of Web3, if anyone is looking for a nerdy deep dive: https://news.ycombinator.com/item?id=29845208 I am livid the fact that the more popular blockchain tools is just a loving set of APIs meshed together. Everytime i think it can't get dumber, it is.
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Jan 8, 2022 12:51
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novamute posted:I've got some bad news about 99% of all software for you Oh this is no surprise. I work with several APIs myself for "software". Its more like "behold we have this new legendary system to usher in the next era of humanity" and its 3 APIs in a trenchcoat.
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Jan 9, 2022 11:51
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Had an idea. Minion NFTs. They all are a randomly generated minion faces with one random piece of headgear and one random rear end facebook post. Sell it to middle aged moms stuck scrolling through Facebook. Its gold, Jerry!
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Jan 28, 2022 11:51
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repiv posted:speaking of code being law, this DeFi smart contract thing was exploited and drained of $80mil I always wonder if these claims are some sort of farce. Transfer money out of your bank, Claim you got hacked. Return % back minus some "bounty" walk away with a cool several million. It happens far too often for me to say there's leagues of whitehat hackers out just trying to make a point.
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Jan 30, 2022 07:28
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Hack all the bitcoins and funge all the doge nfts.ymgve posted:Facebook changed to Meta to focus on metaverse-based projects, but their metaverse is called Horizon Worlds or something I hope this confusion continues. The more poison you can give that bullshit the better. Only good thing coming out of crypto.
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Feb 5, 2022 07:49
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waydownLo posted:Can you please give me an example of a couple of these bad technological ideas? This sounds like a really interesting subject. Juicero. Bluetooth enabled water bottle. Glizzy gulper.
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Feb 8, 2022 11:56
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tehinternet posted:So if you had some massive amount of stolen Bitcoin, say 3+ billion dollars worth, why not take 2/3 of it and give it to random wallets and spread the other billion across wallets that you control? Because you'd crash the "economy" of buttcoins by introducing runaway deflation injecting a huge amount of coins into the so called "economy". Thus your 1 billion would be only worth 1 million. Given the whole thing is all about scarcity to give it supposed "value" you want coins to be in the fewest hands as possible to paradoxically drive up prices. Less coins in circulation, better price for you until you give someone else the bag.
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Feb 10, 2022 03:00
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Ghostty you feelin alright dude? This is more blurry and convoluted than your usual self. If you're in trouble give us a sign.
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Feb 10, 2022 22:38
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Ah yes. The carnot engine of economic force. Theoretically perfect, practically impossible. Its like poetry
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Feb 18, 2022 01:02
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I think the hilarious part of this concept, if I too understand it completely, fails to recognize that a systems like this has been done multiple times before with hilarious results in AI research. When you game-ify logic for computers to choose optimal paths, they will eventually change the rules of the game to optimize the rest of it. Any barriers like collision or bribe contracts delay this scenario, and adds more points of failure for such. Even more so, you're saying you do TWICE the work in order to ensure one solution is correct. Its missing the forest from the trees. Its like swapping out your car with a jet because "oh the car wastes too much gas in idle points. A jet is immediate point to point"
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Feb 20, 2022 11:05
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Donavan here is another proof that crypto is at its core, 3 types of people: "I have drunken the koolaid. The potential of this technology is immeasurable, and despite knowing nothing about it, I will proclaim from the mountains of my knowledge. All can be solved by this and those who doubt me are luddites in the filth." "Look at all these rubes. This "technology" is bullshit on the highest level, and people keep buying into it. I'm making so much money off these idiots. Hahaha loving dolts." "I am hosed by the system, and instead of questioning my own failings or the systematic faults of an existing system that is loving me, I have hope this 'technology' will save me and give me all my dreams I was promised."
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Feb 28, 2022 23:49
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There's an 8 hour video going in depth of Pokemon Omega Ruby (and Pokemon in general). But at least they're not buttcoins. Theyre tolerable.
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Mar 14, 2022 07:27
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People often joke to deflect events or emotions that make them feel vulnerable. Did he quit WoW because he had to press 4 buttons instead of 3? Probably Did he create ethereum as a spiteful middle finger to Blizzard? Probably not. Did he probably have the thought, however brief or small, "And with this new technology nerfs like I encountered in WoW won't happen to anyone else!". Most likely.
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Mar 20, 2022 05:55
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The next iteration of nfts are neopets.
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May 6, 2022 10:05
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I don't get it.. why don't they just simply freeze all trading with fake outages and server loads until the panic selling slows down like other crypto have done before. Its all fake money anyway, just fake the graphs.
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May 13, 2022 01:58
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spunkshui posted:This would increase panic. I'm pretty sure people begging old musky to save them already live in the state of denial. Let em stay there. Like we know here all of these exchanges have dubious amounts of actual capital, and crypto nerds entire identity and defense of butts is number go up. So just pretend everything is fine and keep the happy lie going. Who cares if tether prints out 10 trillion. It says its backed therefore they're backed. Like maybe I'm bringing too much (probably too little) logic but isn't this what stock exchanges do, effectively? People panic they basically go "ok no more trading, y'all are being too spooked" and let it reopen up a little bit at a time to allay fears and let it naturally adjust.
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May 13, 2022 02:57
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Testikles posted:Shorting markets by moonlight 
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May 15, 2022 19:21
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Barudak posted:Hey, how is El Salvador going? Last time I read, they're propping up the coin by printing money but its still crashing, and basically no one is using it. So you know. Exactly as planned.
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May 20, 2022 05:44
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I think this is what baffles me the most about this. You're telling me that out of, according to estimates, the 6000 billion token holders, 200 million basically went "whoopsies! That didn't happen. Were back to normal and everything is back the way it was before the crash" So 0.003% of the luna holders decide the fate of the entire currency? And they dont see this as a hilarious juxtaposition of current economic disparity....oh wait right. gently caress you, got mine logic.
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May 26, 2022 02:07
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Correct. 200 million "shares" voted yes, but there is apparently 6000 billion luna tokens that was issued out. Now I'm sure a huge amount of those have been burned or in dead wallets so its slightly hyperbolic but its still nutty they can just go "mulligan" and people latch back on
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May 26, 2022 02:18
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