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cool av
Mar 2, 2013



just very pleased to see there's actually some people (or person?) in this thread who's pro-bitcoin!

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cool av
Mar 2, 2013



divabot posted:

BUTT
COIN

im glad somebody finally said it

cool av
Mar 2, 2013



Blotto_Otter posted:

this is exactly what is happening to all the people getting sued for lying about the election, so... yes, the minute one of these people gets sued for misrepresenting something about NFTs they will absolutely adopt the "haha nobody but idiots actually believes that" defense

with right wing chest-thumping, the blatant lying is part of the whole show. the fact that you're lying and you and everybody else knows it and yet you only double-down when confronted, is what makes you strong.

with NFTs, I'm pretty convinced it's a lot more driven by naive enthusiasts. but maybe I'm wrong.

cool av
Mar 2, 2013



looks like a boss from warning forever

cool av
Mar 2, 2013



Hi Subject Matter Expert, interested in thoughts on above. Please revert soonest.

cool av
Mar 2, 2013




quote:

“Checked our moderator logs,” Attalah wrote. “The creator made a collection, our mods saw it and initially it looked good and non-Elon related. Then they modified it significantly to look like a SpaceX collection (including an official-looking SpaceX banner), and users started to report items including 'Moon ticket #29'. Our team took it down before other users were deceived by it.”

hahahahahhahah

cool av
Mar 2, 2013



look, if you get enough innocent people shot, it's going to encourage policies and personal efforts to add defenses for innocent people to not get shot so much. it's actually a good thing

cool av
Mar 2, 2013




well, yeah, good read and all.... but he doesn't even begin to address the fact that bitcoin is going to usher in a golden age of benevolent anarchy?

cool av
Mar 2, 2013



i fuckn hate that guy whose about to get rich on doge.

cool av
Mar 2, 2013



SporkOfTruth posted:

anyone got a definitive takedown of why proof of stake is still loving stupid? I have too many friends morphing into bazingas over this poo poo

like shame boy said it's not really stupid and in fact would be way way better for the entire world IF the major cryptos switched to proof of stake.

my personal theory as to the reason they don't switch, is it really gives lie to the idea that cryptocurrencies are "decentralized". while they aren't (anymore), the idea that they are is the main nominal thing that originally attracted people and you don't want to just throw that away because now you're just even more obviously selling the equivalent of WOW gold or robux.

cool av
Mar 2, 2013



well, yes, fair enough

cool av
Mar 2, 2013



look, there's no taxes on the moon

cool av
Mar 2, 2013



the debate about Tether being a bank or not totally misses the point: Tether is a bank

cool av
Mar 2, 2013



https://twitter.com/elonmusk/status/1393993975019749382

when he's right he's right

cool av
Mar 2, 2013



Sagebrush posted:

so it seems to me like what elon's doing is:

- buying bitcoin
- pumping up the value by telling everyone how great it is
- selling bitcoin
- crashing the value by telling everyone he's over it
- rinse and repeat

yes?

this is very illegal, yes?

if we see him go pro-bitcoin again then probably, yes.

if not, it seems more like he's setting himself up to be in some kind of controlling position of another coin that he hopes will take dominance.

cool av
Mar 2, 2013



Finding a suffix that hashed with a given prefix outputs a value with a bunch of 0s in a row in it is a hard math problem, so hard that nobody knows a better way than guess-and-check. I think it's fair to say it in a technical sense; while a layperson might assume "hard math problem" somehow means "useful work".



On that topic, a friend told me he was looking at coins that are doing "useful" things for the mining / proof of work. Is there such a thing? I tried googling for this but it doesn't really seem to exist. The closest I could find is like some SETI coin that is mined like normal but gives you a coin reward for doing SETI stuff.

cool av
Mar 2, 2013



much like "inventory" in real life logistics, objects stored in a database are a cost to be minimized.

ideally, all data should be flowing through a message broker or queue from the source client to the destination client; if any is sitting idle in a DB it's a bug.

this must be how robinhood has been so successful; I don't understand why they would change now?

cool av
Mar 2, 2013



well well well, looks like bitcoin does have a use after all. bet you won't be so down on it when the banks all decide you're the bad guy and your only other option is crypto.

cool av
Mar 2, 2013



brb im building a 15,001 bit encryption key right now

cool av
Mar 2, 2013



:thunk: once all the coins have been allocated to wallets, is there any point in continuing w/ a proof-of-anything model?


at that point what is lost by automatically adding every distinct signed transaction to the ledger without the number-guessing?

cool av
Mar 2, 2013



RPATDO_LAMD posted:

the main purpose of proof of work is just to make it expensive to send out bogus blocks. otherwise bad actors could just do whatever 51% attack stuff for free, like broadcasting empty blocks with 0 transactions to clog up the network and stop poo poo from going through, or mining ahead in secret and then releasing their longer chain to cause a fork and rollback the transactions from the shorter one
the block reward is just a secondary result of that primary purpose, from satoshi thinking "how do i convince goldbug libertarian rational actors to pointlessly waste electricity for the good of the network". and even once it hits zero it's supposed to be replaced with transaction fees.

adding all the transactions to a database without number guessing is a great solution though as long as it doesn't touch any cryptocurrency

i guess i was thinking there doesn't have to be a "chain" that can "fork" if every valid transaction is valid. there's just a set of valid transactions.


but then you still need it to be artificially expensive to set up a server that hosts the set of transactions, otherwise there's too much risk that malicious hosts could outnumber honest ones. you win this round, satoshi.

cool av
Mar 2, 2013



so instead of trusting someone specific, i just trust whoever happens to have access to the least expensive electricity at the time

cool av
Mar 2, 2013




i was gonna quote specific things but basically this whole article is just unintentionally hilarious, thank u Daniel Brain.

cool av
Mar 2, 2013



infernal machines posted:

you'll note, this is actually good for bitcoin because...

chinese mining pools controlled over half the network hashrate combined, so this is decentralization, you see

I buy this tbh. The chinese state effectively having control over bitcoin was a strong point against it and the idea that it was "decentralized".

It will almost certainly recentralize somewhere, but If it's actually more spread out now, that is good for bitcoin.

cool av
Mar 2, 2013



Chalks posted:

The reason centralization is bad is because of the exact thing that's happening now in China. If it happening is in fact not bad, then centralization is fine I guess?

Take it as a given that centralization is just inherently bad. That's basically the whole point of bitcoin.

If it's de-facto centralized, as it was in china, then the whole scheme isn't even internally consistent. You could see the true believer Hyper-Logical Libertarian types squirm trying to defend that.

cool av
Mar 2, 2013



what happens if you put a coin in your butt

cool av
Mar 2, 2013



i don't quite follow the plan from

1. bitcoin
2. ???
3. print money

but I respect the effort. you can't get a world-class economy without being able to print trillions of dollars

cool av
Mar 2, 2013



resident posted:

Paypal just gave me $25 to buy $25 of crypto so uh... I guess I own some butts now.

can…you sell them?


lol, l nvm i know the answer in my heart

cool av
Mar 2, 2013



Potato Salad posted:

I'm still kind of surprised that we are suffering a global chip shortage on every major modern lithographic process because of our unwillingness to shut down an alternate currency whose value is propped up by state-sheltered privateer cybercriminals and pariah narcostates


force kyc and outlaw ransom payments. now.

would the US banning anonymous bitcoin exchanges put a stop to ransomware or would it have to be the countries where they're trying to cash out? or would it have to be everywhere?

cool av
Mar 2, 2013



Soylent Pudding posted:

Banning ransom payment runs the risk of driving it underground. It would likely be better to require disclosure to the government (though probs fbi not CISA) and disclosure on SEC filings. There was a good overview of many of the legal options here: https://www.schneier.com/blog/archives/2021/07/disrupting-ransomware-by-disrupting-bitcoin.html

this is interesting

quote:

Criminals and their victims act differently. Victims are net buyers, turning millions of dollars into bitcoin and never going the other way. Criminals are net sellers, only turning bitcoin into currency. The only other net sellers are the cryptocurrency miners, and they are easy to identify.

Any banked exchange that cares about enforcing money laundering laws must consider all significant net sellers of cryptocurrencies as potential criminals and report them to both in-country and US financial authorities. Any exchange that doesn’t should have its banking forcefully cut.

since BTC isn't usable as a currency, if you're getting bitcoin from anywhere other than buying it you're likely a criminal.

cool av
Mar 2, 2013




now you’ve done it. now you’ve really gone and done it.

cool av
Mar 2, 2013



I wasn’t sure what to think about Bitcoin, but when I read that it wasn’t about safety…it’s about freedom. I knew it was right for me.

cool av
Mar 2, 2013



DominoKitten posted:

Love to address the people who stole oodles from me with a stern finger wagging, begging them to come "work something out":

https://twitter.com/PolyNetwork2/status/1425123153009803267

this is just fantastic

cool av
Mar 2, 2013



you got your butt in my coins!

YOU got your coins in my butt!!

cool av
Mar 2, 2013



Paladinus posted:

I hope the computer lizard from the future will torment bitcoiners' brainwallets in its cybernetic hell for all eternity.

look around.

cool av
Mar 2, 2013



quote:

After Poly Network urged netizens, cryptoexchanges, and miners to reject transactions involving the thief's wallet addresses, the crook started giving the digital money back

What the gently caress. Reject transactions? This is CENTRALIZATION and SOCIALISM.

cool av
Mar 2, 2013



FAUXTON posted:

I really want to see if you can make an nft for like the QR code of another NFT and con someone into paying a bunch of money for something

could you con someone into paying a bunch of money for something that has no value?


hmm.....imagine if that were possible..................

cool av
Mar 2, 2013



the queue is just a psych trick to make you want the nft more after waiting a predetermined amount of time.

cool av
Mar 2, 2013



Midjack posted:

oh cool we have a poop touching vps vendor advertising on the site:



sixty six satoshis per hour for an instance!

has anyone said buttclouds?

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cool av
Mar 2, 2013



Beelzebufo posted:

Wait so the logic here is that becuase potential future gains will always increase, the logical move will be for people to never exit, hence putting all the potentially infinite wealth into a space of pure speculation, since by this logic this paper wealth can never be realized?

If I'm reading it correctly, then the value proposal collapses the second anyone decides that they would rather actually spend some of their "money", instead of just letting it magically accrue without touching ti.

you know the paradox about the guard who’s going to execute you someday this week, but you won’t know which day on the morning of?

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