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indigi posted:PS what the gently caress is the difference between bitcoin and litecoin and poo poo. also wtf is hashing I still don't even understand that.. litecoin is bitcoin but designed to take up extra memory instead of cpu time so that there wouldn't be a bullshit arms race. too bad, other smarter people found out how to use gpus and asics for it, so it has become a bullshit arms race anyway. hashing is a function where you can take an input and map it to an arbitrary alphanumeric string. any change in the input drastically changes the output, so you can't imitate a hash. if two things map to the same hash you're either incredibly lucky (like ridiculously incredibly and not worth talking about) or the two inputs are identical. this makes it a useful identifier, since you can't imitate it. bitcoin requires you to find a block that maps to a hash with a certain number of zeros in front, which relates to the current difficulty. more zeros = more specific hash = more time looking for the proper block = harder to mine.
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Apr 9, 2014 08:40
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indigi posted:PS what the gently caress is the difference between bitcoin and litecoin and poo poo. also wtf is hashing I still don't even understand that.. http://www.brokenlibrarian.org/bitcoin/
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Apr 9, 2014 08:49
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that moment where some1 needs hashing explained in the funny computer forum 
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Apr 9, 2014 09:34
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this is what bitcoiners actually believe
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Apr 9, 2014 10:32
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Somebody edit the last panel to make it fun, not me though
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Apr 9, 2014 10:54
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Apr 9, 2014 11:08
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Apr 9, 2014 11:12
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dumb question (is there any other kind in bitcoinland?) - difficulty is expressed by how many leading zeroes are required in the hash, yes? so is there a difficulty level so high that the number of leading zeroes needed is actually close to, or equals, the actual size of the hash? if so does the ludicrous arms race make it even vaguely likely that this will be reached before the mythical 21 millionth coin is mined?
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Apr 9, 2014 11:16
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Not without a break in SHA-2 no, this is where the stupid "heat death of the universe" argument actually applies.
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Apr 9, 2014 11:23
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Cease to Hope posted:protestantism is decentralized, though calvinism is the honey badger of religions
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Apr 9, 2014 11:42
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unpacked robinhood posted:Somebody edit the last panel to make it fun, not me though This is the first time I am actually annoyed by somebodies autism.
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Apr 9, 2014 11:44
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Why the 'revolutionary' aspect of Bitcoin is important to technological progress (self.Bitcoin) submitted 33 minutes ago by sjalq I'm quite encouraged by this community to see that the majority of us, at least at this point, are still ideologically driven. Our common ideology being neutrality. Let me explain; The current system is biased. It only works for some and then to varying degrees based on their "cast" in society. The poorer and less connected you are, the higher interest (as an example) you pay for things. The more you suffer from inflation etc. If you live in a country where your countrymen perhaps have created a distrustful situation, you are likely being locked out of the financial system to some degree. Perhaps you are being locked out because the politicians on one place of the map dislike the politicians on your place on the map. Another aspect of the bias is that certain entities get near infinite funding with the consequent devaluation of the money held by the rest of society. "Chancellor on brink of second bailout for banks". Regardless of our proposed politics. Most of us feel a sense of disgust at the bias of the existing system. Personally I believe that if we were to pull that thread to its end we will discover the non-aggression principle lying there. But that is not necessary for us to make common cause. Ideology is important because it motivates more than money; Take the following hypothetical situation: The US Federal government outright bans buying cryptocurrency. The result would be a bunch of furious geeks who will pour in their extra hours into opensource solutions to make that ruling untenable. Some of us would be so furious we might downscale our standard of living to right such an injustice. (Amir Taaki's group as an example) To my knowledge this type of activism has not existed before. We've had hacktivism before, but those were isolated protests that frustrated the beast. Things like TOR and Bitcoin have the capacity to stab it in the heart. Before Bitcoin those geeks would have been angry but there was no president that such activism might be successful. To be honest, before it actually worked even I would have thought Satoshi's ambitions were delusional (and I'm pretty delusional). To divorce Bitcoin and the larger revolution from extreme ideologies is to rip out its heart in the name of leaving a meaty corpse. TLDR; To paraphrase Guy Kawasaki 'Make meaning not money, because if try to make money without meaning you will most likely end up making neither money nor meaning.'
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Apr 9, 2014 11:48
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IRS, are they out of their minds??? A string of characters considered property??? Gold is property and that’s why it’s a complete waste to just store it. (self.Bitcoin) submitted 1 hour ago by sumBTC Yes, a bitcoin is worth less than a tulip. A bitcoin has zero value. That’s exactly its strength as a currency and as a currency bitcoin is the best humanity has ever had. A little thought will tell you that a good currency should REPRESENT value, not have value of itself. What is the difference: Property you would buy even if you would never be allowed to exchange it for anything else. A bike, for example, you would buy even if you were not allowed to ever sell it. A bike is useful. A bitcoin is just a string of characters and, just by itself, completely worthless. You would never buy a bitcoin if you weren’t allowed to exchange it, immediately or later, for services, goods or other money. And that’s what makes bitcoins money, not property. Bitcoin represents property, it isn’t property. IS THAT SO DIFFICULT TO UNDERSTAND? Gold is bad as money because it has value of itself. It beautiful and a precious metal (it has a closed electron shell and so it doesn’t oxidize). It can be used in industry and to make nice things. What a waste to just store it!
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Apr 9, 2014 11:51
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ElectricMucus posted:This is the first time I am actually annoyed by somebodies autism. seconds? 
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Apr 9, 2014 11:52
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Should I be Paying Taxes? (self.Bitcoin) submitted 2 hours ago by bitcointaxthrwaway I bought quite a few BTC in 8th grade when they were less than 10 bucks, and so far I've sold around $8,000 worth this year via coinbase. I also got about 100 from selling locally grown marijuana on SR in 2012-13. Anyways, I'm a college freshman now (recently turned 18), and I plan on cashing out around $10,000 a year for the next few years to help pay for tuition and what not, and I'm wondering if I should be paying taxes on it. If so could I get away with just declaring it as "long term capital gains" tax (only 14%) if I were to 'mix' the BTC to prevent them from being traced. Also how the hell do you even pay capital gains tax on BTC? Do I need an accountant? Or can I just call up the IRS and get some forums to fill out. I'm pretty good at cashing out BTC anonymously, it's just that I want to declare it as income so I can have some income (no job yet) and borrow money to start building credit. I don't really have anyone else to ask about this sort of thing, so if any of you know where I should get started with this it would be very appreciated. If it's relevant I live in the state of Washington
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Apr 9, 2014 11:52
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...! posted:(and I'm pretty delusional). baby steps
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Apr 9, 2014 11:53
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Bitcoin Freemasonry rumors flying around (self.Bitcoin) submitted 2 hours ago by RodneyShubert Recent CIA official’s suicide in Fairfax County may be of conspiratorial nature. Fairfax is one of the wealthiest and secure Counties in the entire US holding 7 of the Fortune 500 companies and several intelligence agencies’ headquarters such as NRO, NCTC and, of course, CIA. Money alone brings trouble but when a lot of money is combined with people whose job is to pry into others personal affairs inside a small County, the result is an entire cobweb full of ruthless spiders. Now there’s a rumor going on that the unfortunate CIA middle manager paid with his life for trying to get his hands onto secrets of his superiors. There are a lot of tinfoil hat-type theories springing here and there, but there’s one of particular interest to us. Allegedly, some of the deceased’s colleagues claimed that there’s secret Bitcoin society involved, which has its cell in Fairfax. It seems that the CIA superiors are working with the cryptocurrency Quasi-masons and are tasked with eliminating people who become inconvenient because of their excessive curiosity, whatever the victim’s allegiance may be. Even more than that: there's talk about Ben Bernanke and the Federal Reserve itself being a part of such secret Society with last year's November Fed statement approving of Bitcoin being used to reach two goals: to help funding Syrian rebels and reinforce Bitcoin's status all around the Globe. Can this paranoid bullshit be true at least in some part, or maybe hint at the truth hiding behind it?
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Apr 9, 2014 11:53
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Tried to tell fellow authors about BitBooks, they respond by saying it's for nerds, that "cash" is the only option and say they'd prefer to sell their books for bananas.  help? (kdp.amazon.com)submitted 3 hours ago by realdylanjones
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Apr 9, 2014 11:55
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Greyhawk posted:seconds? I could have ignored that.
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Apr 9, 2014 11:55
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...! posted:For users, this has become rather problematic primarily because by the rules, users would have to keep track of all of their transactions and calculate gains/losses at the end of the year.
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Apr 9, 2014 12:24
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...! posted:A little thought will tell you that a good currency should REPRESENT value, not have value of itself. holy poo poo, he almost gets it
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Apr 9, 2014 12:30
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...! posted:Bitcoin Freemasonry rumors flying around (self.Bitcoin) There's fnords in the blockchain, you just have to know where to look.
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Apr 9, 2014 12:31
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The correct last panel is loss.jpg.
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Apr 9, 2014 13:10
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TVarmy posted:The correct last panel is loss.jpg.
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Apr 9, 2014 13:21
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Apr 9, 2014 13:22
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Apr 9, 2014 13:26
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Apr 9, 2014 13:32
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is that what the beta band really look like
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Apr 9, 2014 13:40
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Sham bam bamina! posted:is that what the beta band really look like this was the worst picture I could find on betabrand's website in like five minutes but I'm sure you can do better; I think posting their products is the only response needed when someone mention them
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Apr 9, 2014 13:44
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Sham bam bamina! posted:is that what the beta band really look like 
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Apr 9, 2014 13:59
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quote:Once upon a time, the world of tactile technology was satisfied with “soft as a baby’s bottom” as the measure of absolute softness. Anyone who dared name something “softer than” the aforementioned infant’s posterior was suggesting a theoretical world of soft that existed beyond anything man could conceive. so they are saying their pajamas are as soft as a vagina? that seems to be what theyre going for but thats so terrible even considering it makes my head hurt
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Apr 9, 2014 14:34
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A Pinball Wizard posted:so they are saying their pajamas are as soft as a vagina? that seems to be what theyre going for but thats so terrible even considering it makes my head hurt also the pockets bear an uncomfortable resemblance
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Apr 9, 2014 14:46
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Dren posted:also the pockets bear an uncomfortable resemblance "loose as a vajama pocket"
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Apr 9, 2014 14:48
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Darkman Fanpage posted:but the internet in the 90s was stupid and useless oh i see what you mean i'd say internet pre sept 93. full of racists, bigots, criminals, and other horrible libertarian academics.
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Apr 9, 2014 15:08
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Mr. Nice! posted:i'd say internet pre sept 93. full of racists, bigots, criminals, and other horrible libertarian academics.
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Apr 9, 2014 15:10
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big surprise!slashdot posted:The Register reports on a paper Arxiv (abstract below) by Christian Decker and Roger Wattenhofer analyse a year's worth of Bitcoin activity to reach the conclusion that MtGox's claims of losing their bitcoins because of the transaction malleability bug are untrue. The Abstract claims: 'In Bitcoin, transaction malleability describes the fact that the signatures that prove the ownership of bitcoins being transferred in a transaction do not provide any integrity guarantee for the signatures themselves. ... . In this work we use traces of the Bitcoin network for over a year preceding the filing to show that, while the problem is real, there was no widespread use of malleability attacks before the closure of MtGox.'
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Apr 9, 2014 15:14
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Mr. Nice! posted:i'd say internet pre sept 93. full of racists, bigots, criminals, and other horrible libertarian academics. the worst thing about pre 1993 internet was the loving sense of entitlement on one hand and the visions of ushering in an era of global peace and education and betterment of mankind and general p.l.u.r. on the other hand yeah, that turned out well, didn't it
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Apr 9, 2014 15:15
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Greyhawk posted:the worst thing about pre 1993 internet was the loving sense of entitlement on one hand and the visions of ushering in an era of global peace and education and betterment of mankind and general p.l.u.r. on the other hand
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Apr 9, 2014 15:17
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You'll be able to send an "electronic mail", or "e-mail" to your Congressman! Democracy will bloom.
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Apr 9, 2014 15:18
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Local news will become "wired"! Your small-town paper may put up a "bulletin board" or "message forum", where area residents may comment on news stories, lending their unique insight to such pressing issues as fluoridation of the local water system, a 0.5% tax to replace the school roof, or the president of the united states' genetic heritage
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Apr 9, 2014 15:20
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