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  • Locked thread
jre
Sep 2, 2011

To the cloud ?



...! posted:


[–]Notapanicseller 2 points an hour ago*

I have no problem with Dogecoin. I doubt many people here have. What people simply do have a problem with is the non stop and often pathetic Doge spam. And also the "fun and friendly" bs. We ALL know it's nothing but marketing to try to raise the value of an useless alt coin. Please stop acting like it's anything else. And even that is fine. Just do it somewhere else. This is the Bitcoin sub. Just stay in your own sub and stop spamming this one and you will rarely see any hate towards the Doge community.

:ironicat: :irony:

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Dren
Jan 5, 2001

Pillbug
i still don't like kashmir hill but /r/bitcoin flipping out over her showing some candor in a twitter comment was pretty funny

"oh sorry the only people who have seen the light so far are not :airquote:diverse:airquote: enough for you, kashmir.

what the gently caress are these trolls and dogecoin spammers doing in here? go back to your own subs!"

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

dimebag dinkman posted:

heh. rookie should have stored all videos safely offline in a cold youtube channel :smug:

I store all my YouTube videos on a paper channel

FCKGW
May 21, 2006

Dren posted:

i still don't like kashmir hill but /r/bitcoin flipping out over her showing some candor in a twitter comment was pretty funny

"oh sorry the only people who have seen the light so far are not :airquote:diverse:airquote: enough for you, kashmir.

what the gently caress are these trolls and dogecoin spammers doing in here? go back to your own subs!"

kashmir hill owns because she's trolling the gently caress out of them with cheery articles to become the female embassy of bitcoin and get that sweet sweet forbes ad revenue

FCKGW
May 21, 2006

i mean of she was a true believer do you think she would ever put that bitcoin astrology trader in her video? it's an insane community and she has no issues pointing it out

Dren
Jan 5, 2001

Pillbug

FCKGW posted:

kashmir hill owns because she's trolling the gently caress out of them with cheery articles to become the female embassy of bitcoin and get that sweet sweet forbes ad revenue

I don't think she's a troll I think she's legit excited about bitcoin and slightly less crazy than most of /r/bitcoin

Damiya
Jul 3, 2012

quote:

A 540Gh/s miner is about 3000USD. A miner like that mines about 0.934BTC per month. 

lol

Squeezy Farm
Jun 16, 2009

...! posted:

uh-oh. a few bitcoiners are trying to start a backlash against kashmir hill. what unforgivable crime did she commit, you ask? what could be so bad that people who cheered her yesterday are jeering her today?

she dared to point out that bitcoiners are primarily male and white


Kashmir HillVerified account ‏@kashhill

There are lots of admirable, hard-working guys in that photo, but I just keep laughing when I look at it. BITCOIN = bunch of white dudes.

QueerVancouver ‏@QueerVancouver 5h

@kashhill hopefully BitCoin will help those other than white or male.

Adrian Bye ‏@adrianbye 5h

@kashhill @Bitcoin exactly. the guys who if they didn't exist, neither would bitcoin

Trading Zen ‏@crypto_zen 5h

@QueerVancouver @kashhill decentralization allows those that are willing to help themselves to succeed. Sorry if it exposes those unwilling

Trading Zen ‏@crypto_zen 5h

@AmmythUK @kashhill she just needs an excuse to do the classic "white and male" jokes, however inappropriate or irrelevant.

Gavin Andresen ‏@gavinandresen 4h

@kashhill know any great non-white-guy coders interested in bitcoin? I'm looking for someone to work with me in western ma.....

Trading Zen ‏@crypto_zen 4h

@kashhill unless you're implying they were handed the awards because white/male boys club, but don't deserve. Who does? Who is the victim?


Kashmir Hill ratchets up the racism again (self.Bitcoin)

submitted 2 hours ago by pdtmeiwn

https://twitter.com/kashhill/status/467423697423200256

Instead of praising the Blockchain award winners for their contributions to the ecosystem, she chides them for their whiteness and maleness. Instead of appreciating them as individuals who have accomplished great things, all she can see is the color of their skin. Her first instinct is not to praise, nor to explore further, but rather, to categorize and lump.

It's a subtle form of dehumanization.

We need fewer people like that in the Bitcoin world. Heck, we need fewer bigots anywhere in the world.

[–]RuecanOnRails 4 points an hour ago

She lost my respect when she applauded the Dorian doxing as great journalism. She still hasn't retracted her support for newsweek and believes it was well done with nothing wrong.

[–]AstarJoe 2 points 17 minutes ago

It is sad that in today's uber-aware society we have sacrificed our humanity for some form of warped political correctness. The subtle notion that the race of the participants was somehow indicative of exclusion.

Kash is just a child of her times. Emphasis on child. Kash. as a thought experiment, I assign you to comment on several photos of awards ceremonies the winners of which are entirely not white male. Then substitute, "I just keep laughing when I look at it. "x" = bunch of "y" "z's"."

How would that work out for you and your little cupcake of a career, Kash? Or do you have that brand of journalistic "courage"?

[–]Penischopper78 4 points 2 hours ago

Sad to see people falling for this white guilt thing. Who cares if they are qualified or not. As long as we have some darker skinned less male people working on Bitcoin, so Kashmir can feel good about herself everything will be great!

[–]bitalias 1 point 2 hours ago

I am a large cracker. This tweet did not reduce me to tears of indignation.

[–]pdtmeiwn[S] 2 points 2 hours ago

Well there you go. Because you weren't offended, there's nothing to worry about.

[–]bankerfrombtc -2 points 2 hours ago

Saw racism in the title, knew instantly it was going to be someone crying about racism against whites.

[–]pdtmeiwn[S] 5 points 2 hours ago

ah, so it's okay to be racist against whites. cool.

[–]shwag -2 points 2 hours ago

The picture is all white dudes. That's just a fact. Only person spewing hate us you. Need less of that on r/bitcoin

[–]pdtmeiwn[S] 4 points 2 hours ago

No doubt the picture is all white dudes. But if you see that picture and that's the first thing that comes to mind, you're a racist.


...! posted:

Another "Why Bitcoin will succeed" post (self.Bitcoin)

submitted an hour ago by viper2097

I was booking a flight to Bali to attend a friends wedding, I spent a good hour making sure everything was right, Making sure I got direct flights and at the most convenient times, Making sure my flights were the best price, choosing the best seats and so on.

When I got to the end I was glad it was all over and excited to just enter my credit card in and be done with all the logistical stuff, I noticed the site had a "Verified by Visa" logo sitting above the place where you enter in your credit card.

I entered in all my details and after I pressed "go" I was told that my payment was denied and I would have to activate internet banking to enable Verified by Visa but the worst part is that after I clicked "ok" I was taken right back to the airlines home page and all of my flight booking details that took so much time to fill in were gone!

I already have internet banking so I immediately contacted my bank and after about an hour of sitting on hold, I finally got through to a lady who told me I would just have to log into my internet banking to activate verified by visa, Since I use internet banking all the time, I knew that if that were the case then Verified by Visa should already be working with my account and after arguing with her for a while, I gave up and did what she asked and then said good bye.

I went back to the airline's website and spent even more time entering all my information back into the site and as I had suspected, I got the same error message and my payment was declined... AGAIN!

Getting more and more frustrated I called the Bank back and started my wait on hold and after a while I finally get through to some lady who seems like she knows her stuff, She makes a call to her back end support team and they find the problem and tell me its fixed.

I go back to the airline's site to book my flight one last time and notice that my flight has been sold out and the only other flight I can get will cost 3 times the amount.

Awesome! Now because the bank wouldn't let me spend MY OWN MONEY from my own Visa debt card, I now have to spend $600 on my flights instead of $200. God I hate the banks!

[–]1000_kisses_deep 2 points an hour ago

It's so much better to use a currency that takes 10 days to acquire.

[–]coare 1 point 18 minutes ago

Yeah I hate those holds the banks put on large deposits. oh wait unless you are talking about the FIRST TIME you buy btc that can take a few days... but that's only one time.. not like banks


...! posted:

Will there be a bank that makes use of the blockchain? (self.Bitcoin)

submitted 41 minutes ago by TreeWithInfiniteCats

This isn't directly related to btc, but I think most of us would agree the blockchain is really the key part of btc.

What's holding them back? Using the blockchain, or a variant, would mean a massive ease on supervision. You could trade 24/7, but also be insured against fraud. It's a win-win for bank and customer. If a blockchain-bank would rise up and ask - say - 25 dollars a year in exchange for which I get a debit card and insurance, I'd be a happy camper. This would aggrevate the libertarians here, but isn't it possible, hell, even likely, that banks will adopt the blockchain in 10-25 years, even if trading in dollars continues?


...! posted:

Verge of a big run? (self.Bitcoin)

submitted 2 hours ago by wbredin

I have some vested interest, yes, but, i'm wondering if you all feel like we are on the cusp of having the price increase dramatically.

I don't want this to be a circle jerk. I'm saying this mostly as a way to harvest concrete facts as to why it may go up. Here are mine, they are very limited, I would love you all to add your own points.

I see GOX as an early adoption pitfall that happens with any new system. I'm not phased.

Paypal and BTC seem to be talking. That's a good thing

Everyone knows what Bitcoin is (media, word of mouth, ect, it's gone cray in the last 6 months)

Multiple signature tech (allows for the possibility of a 3rd party becoming involved, insurance anyone?)

3rd world countries are taking notice...(the ability to bypass the moneygram charges seems too appealing)

and on and on..

GO!

[–]twentyseventy 4 points an hour ago

While I feel like we've hit bottom myself, all this speculation about a run up very well may cause a big run up. At some point, it becomes a self fulfilling prophecy (in the short term).

I expect June / July to be very profitable in terms of USD


...! posted:

What was the overall feel/emotion like just before the november bubble? (self.Bitcoin)

submitted 3 hours ago by kfull

Was it like it is now with people making their predictions and wondering as to when the next bubble will occur? Was it more neutral emotion where nobody saw the bubble coming? Or was it bearish emotion thinking that the markets could take a dive?

[–]EnglishBulldog 8 points 3 hours ago

Chaos, pure chaos. We had every dynamic going on at that time. Some of us were flying high after the April bubble, some had just taken notice and were scrambling to sign up with an exchange to start accumulating and some were cautious and waiting to see what happened. We had our usual trolling too.

Like I said, it was all over the place. During the run up, you literally went to bed and woke up richer. Every day I woke up and looked at the charts and just grinned ear-to-ear.

[–]bitpotluck 2 points an hour ago

Me too. Cant wait for history to repeat. :)

[–]midoridrops 3 points 3 hours ago

It was pretty neutral, but going from $100 to $200.. that's when poo poo started hitting the fan. Let's just say.. I had few charts up, both hands held up high saying "ohhhhhmyyygoooooood" to my parents, right up until $1200.

[–]wtfbitcoinwtf 3 points 2 hours ago

I remember sitting at work on a computer and watching clarkmoody, telling my client I was watching a historical event in the making. I remember zooming out of that buy / sell depth graph, and seeing what resembled a 1000 foot tsunami buy wave ready to crash down into the sell ocean floor. It was amazing and it was history in the making. Yeah :)

[–]homad 1 point an hour ago

hehe. while delivering pizza. a customer asked, "how's it going?" I replied with something like, "you know bitcoin?...it's hitting historic highs right now! Fascinating stuff!"

This contrasted by another customer saying, such and such was just found guilty and i was just like huh, who the gently caress is that...who cares lol

[–]melacs 1 point an hour ago

I got the impression that before the bubble, the price was going up slowly and people got excited by just that. The price hike fed on this initial excitement and people lost their minds. The bubble was actually annoying as well as exciting for me. I had preferred a steady rise over time. I remember people arguing whether it was a bubble or just 'to the moon'. Obviously it was a bubble, but since people didn't know when it would burst it still didn't mean that they shouldn't step in.


...! posted:

kashmir hill:



[–]pdtmeiwn[S] 2 points an hour ago

Yeah, she's not a journalist. She's a blogger who has strange ideas about journalism.

I wonder how she'd react to this image:

http://imgur.com/AbVLvvZ


...! posted:

Is Mark Karpelès a member of the Terrorist organization Illuminati?
Today at 02:45:28 AM

#1
Is Mark Karpelès a member of the Terrorist organization Illuminati?

Do you think the Illuminati stole money from MtGox?

Lmao!

text editor
Jan 8, 2007

...! posted:

For all the Doge hype... (self.Bitcoin)

submitted 5 hours ago by vo931814

...its market cap just dropped from #5 to #6 on coinmarketcap.com.

[–]Notapanicseller 1 point 4 hours ago

The hype of a bunch of kids who think their 5 dollar investment will make them rich by pretending to be "nice and friendly".

[–]Notapanicseller 2 points an hour ago*

I have no problem with Dogecoin. I doubt many people here have. What people simply do have a problem with is the non stop and often pathetic Doge spam. And also the "fun and friendly" bs. We ALL know it's nothing but marketing to try to raise the value of an useless alt coin. Please stop acting like it's anything else. And even that is fine. Just do it somewhere else. This is the Bitcoin sub. Just stay in your own sub and stop spamming this one and you will rarely see any hate towards the Doge community.

All human activity is merely a function of greed striving for profit

beep boop libertarianism

A Pinball Wizard
Mar 23, 2005

I know every trick, no freak's gonna beat my hands

College Slice
do buttcoiners quote the ferengi rules of acquisition? because it feels like thats a thing they would do

Cantorsdust
Aug 10, 2008

Infinitely many points, but zero length.

text editor posted:

All human activity is merely a function of greed striving for profit

-CEO Nwabudike Morgan, The Centauri Monopoly

Segmentation Fault
Jun 7, 2012
Alpha Centauri predicted bitcoins (trading energy as a currency)

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.
no

someone needs to make a bot that replies to threads with the rules of acquisitions

or put the rules in the blockchain

i... will start the wiki

Pittsburgh Fentanyl Cloud
Apr 7, 2003


Segmentation Fault posted:

Alpha Centauri predicted bitcoins (trading energy as a currency)

Except it isn't even traded to be used in a productive capacity, it's pissed out the window as waste heat and a bitcoin is the receipt that says that "yes, I wasted this energy for no good reason."

haveblue
Aug 15, 2005



Toilet Rascal
why would you want a kilowatt-hour when you could have a digitally signed certificate that someone else used a kilowatt-hour

text editor
Jan 8, 2007
Satoshi was an accelerationist

Malloc Voidstar
May 7, 2007

Fuck the cowboys. Unf. Fuck em hard.
Project AVC - AntiVirusCoin (self.Bitcoin)
submitted an hour ago by jake-shake

I'm sure someone will beat me to the punch, but here's my project.

Imagine using the Bitcoin blockchain to search for and destroy computer viruses and such. Imagine the wallet doubles as your anti-virus software. Imagine a bank that bank that owns and operates it's own armed guard service. Living, breathing, evolving security built right into your wallet. Anonymity combined with active security on an unparalleled level, enterprise won't know what hit them.

Talk about practical. This is the future of crypto. I'll see you all on the other side.

Name suggestions welcome.

theflyingexecutive
Apr 22, 2007

satoshi's law: the stronger the bitcoiner, the closer his posts resemble markov chain outputs

theflyingexecutive
Apr 22, 2007

here's my project, where project is defined as a one paragraph summary i banged out in between jerkin it to anime porn, name forthcoming

OJ MIST 2 THE DICK
Sep 11, 2008

Anytime I need to see your face I just close my eyes
And I am taken to a place
Where your crystal minds and magenta feelings
Take up shelter in the base of my spine
Sweet like a chica cherry cola

-Cheap Trick

Nap Ghost

theflyingexecutive posted:

here's my project, where project is defined as a one paragraph summary i banged out in between jerkin it to anime porn, name forthcoming

i'll start the wiki

minivanmegafun
Jul 27, 2004

Aleksei Vasiliev posted:

Project AVC - AntiVirusCoin (self.Bitcoin)
submitted an hour ago by jake-shake

I'm sure someone will beat me to the punch, but here's my project.

Imagine using the Bitcoin blockchain to search for and destroy computer viruses and such. Imagine the wallet doubles as your anti-virus software. Imagine a bank that bank that owns and operates it's own armed guard service. Living, breathing, evolving security built right into your wallet. Anonymity combined with active security on an unparalleled level, enterprise won't know what hit them.

Talk about practical. This is the future of crypto. I'll see you all on the other side.

Name suggestions welcome.

i don't even know what he's possibly getting at. nothing about this post makes even the smallest amount of sense.

theflyingexecutive
Apr 22, 2007

antivirus... but with blockchain

and then this weirdly persistent view that as the blockchain lengthens, it becomes more complex

The Management
Jan 2, 2010

sup, bitch?
someone add "people who don't understand data structures" to the venn diagram.

FMguru
Sep 10, 2003

peed on;
sexually
if you dont see how a text file that people continuously add stuff to the bottom of is the most important development in human history since the wheel or maybe fire i just dont know what to tell you

BobHoward
Feb 13, 2012

The only thing white people deserve is a bullet to their empty skull

Citizen Tayne posted:

Except it isn't even traded to be used in a productive capacity, it's pissed out the window as waste heat and a bitcoin is the receipt that says that "yes, I wasted this energy for no good reason."

and sometimesmost of the time you waste the energy and don't even get a receipt

and when you get a receipt, spending it requires other people to waste energy for no good reason

Sham bam bamina!
Nov 6, 2012

ƨtupid cat

Aleksei Vasiliev posted:

Project AVC - AntiVirusCoin (self.Bitcoin)
submitted an hour ago by jake-shake

I'm sure someone will beat me to the punch, but here's my project.

Imagine using the Bitcoin blockchain to search for and destroy computer viruses and such. Imagine the wallet doubles as your anti-virus software. Imagine a bank that bank that owns and operates it's own armed guard service. Living, breathing, evolving security built right into your wallet. Anonymity combined with active security on an unparalleled level, enterprise won't know what hit them.

Talk about practical. This is the future of crypto. I'll see you all on the other side.

Name suggestions welcome.
this reads like ad copy written by a johnny mnemonic character

Chum Scandal
Oct 30, 2003

Aleksei Vasiliev posted:

Project AVC - AntiVirusCoin (self.Bitcoin)
submitted an hour ago by jake-shake

I'm sure someone will beat me to the punch, but here's my project.

Imagine using the Bitcoin blockchain to search for and destroy computer viruses and such. Imagine the wallet doubles as your anti-virus software. Imagine a bank that bank that owns and operates it's own armed guard service. Living, breathing, evolving security built right into your wallet. Anonymity combined with active security on an unparalleled level, enterprise won't know what hit them.

Talk about practical. This is the future of crypto. I'll see you all on the other side.

Name suggestions welcome.

hey why don't replace the all the symantec developers with idiots pointing box fans at milk crates, this will be better because

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
they'd probably leave an exception for the cryptolocker virus because it's ~honourable~

VAGENDA OF MANOCIDE
Aug 1, 2004

whoa, what just happened here?







College Slice

Chum Scandal posted:

hey why don't replace the all the symantec developers with idiots pointing box fans at milk crates, this will be better because

eh, probably no net change

anthonypants
May 6, 2007

by Nyc_Tattoo
Dinosaur Gum

Aleksei Vasiliev posted:

Project AVC - AntiVirusCoin (self.Bitcoin)
submitted an hour ago by jake-shake

I'm sure someone will beat me to the punch, but here's my project.

Imagine using the Bitcoin blockchain to search for and destroy computer viruses and such. Imagine the wallet doubles as your anti-virus software. Imagine a bank that bank that owns and operates it's own armed guard service. Living, breathing, evolving security built right into your wallet. Anonymity combined with active security on an unparalleled level, enterprise won't know what hit them.

Talk about practical. This is the future of crypto. I'll see you all on the other side.

Name suggestions welcome.
great work dren, the new arthurpcheltham bot is looking really good

Phoenixan
Jan 16, 2010

Just Keep Cool-idge

The Management posted:

someone add "people who don't understand data structures" to the venn diagram.
bitcoin: you can do anything with a multi-terrabyte spreadsheet!

Heavy Zed
Mar 23, 2013

Is there anything here I can swing from?

Aleksei Vasiliev posted:

enterprise won't know what hit them.

Maybe bitcoiners really are Ferengi.

Chum Scandal
Oct 30, 2003

Heavy Zed posted:

Maybe bitcoiners really are Ferengi.

lollin at this but it's almost making my underwear want to pull itself up my rear end

AlbieQuirky
Oct 9, 2012

Just me and my 🌊dragon🐉 hanging out
wedgiechain goes up uP UP

unpacked robinhood
Feb 18, 2013

by Fluffdaddy
Blockchain technology

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
$100,000 bounty for software platform that can replace the Bitcoin Foundation (self.Bitcoin)

submitted 8 hours ago * by anarchystar

Hi Everyone,

My name is Olivier Janssens, early adopter and Bitcoin millionaire. The Bitcoin foundation has had its role in the last 2 years. Unfortunately, it is internally recreating the same archaic political system that fails to work for society. Bitcoin is the currency of the internet generation. It puts the power back into the hands of the people. You cannot expect its main representative organisation to be exactly the opposite: A non-transparent, political and secretive elite. We have been trying to push the BF for transparency and clear communication for years, without result. Meanwhile they started creating even more political structures inside, such as committees, which can only be accessed by knowing the right people. At the bitcoin 2014 conference, organised by this same organisation, I expected to see full internet participation + live streaming of their events. Especially of the BF member meeting, where they are supposed to get input from their members and disclose what they have been up to. Instead, the board decided that the event is not to be recorded or broadcasted. We have also no idea or say on how our money is spent. Half of their board gets elected by industry members (a group of about 100 companies), and recently lead to another extremely controversial election of Brock Pierce, which has a history of being connected to cases involving fraud and pedophilia. This needs to stop.

We as an internet community, don’t need public figures to decide what’s good for us. We need to stop politicking and start focussing on the projects directly. For example, we need a project to fund the core development of bitcoin, and put our money straight to that. We need a project to have lobbyists in Washington, to fight the anti-bitcoin lobbyists from Mastercard, and to prevent the government from destroying the currency. Basically, we don’t need another intermediary. We can do this ourselves. Therefor, I want to announce today that I am organising a contest and giving $100k USD in BTC, to the group that can come up with the best platform to make this happen. I am thinking of a system where prominent people can voice their opinion, where people can propose projects, and where the core devs can actively show their roadmap with detailed features + costs, and where we can vote on the features being implemented by sending bitcoins towards the feature of our choice. This will allow the core dev team to expand by being able to add/pay more devs for feature requests which are fully funded. Maybe we can even evolve to a system later where anyone can work on a feature, which, when programmed properly (approved by the core team), will receive the bounty. The same applies to lobbyists, we just send bitcoins towards the one that we consider the most competent for the job. This will allow Bitcoin to grow and expand at a rate it deserves, a rate that a political organisation such as the foundation can never accomplish.

Let’s liberate bitcoin.

Olivier

Rules of the contest:

Anyone can participate
Software will be open sourced
I will cover the initial hosting costs, until it can be self funded and created as a DAO
Reddit community can help by voting on the platform submissions they like the most
Ultimately I will decide who wins, but I will take all votes and feedback into account
Deadline for submissions is 1 month from now: 17 june 2014 at 12:00 UTC

[–]EnglishBulldog 18 points 7 hours ago*

A DAO that runs on the btc blockchain is worth more than 100k, immensely more. If this comes to fruition, then thank you, from the bottom of my heart. If you truly make this open source, then you are not only buying a new DAO that can represent a bitcoin majority, you've also created a very valuable framework that can be applied to many different areas of life.

[–]Beetle559 12 points 7 hours ago

Say what you want about Bitcoin, you can't say it's boring.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
[–]obvious__throwaway_ 9 points 6 hours ago

sigh. Please don't get me started on the Bitcoin Foundation. The amount of bullshit and arrogance expressed this Thursday (at the non-recorded part of Bitcoin2014) was unbelievable.

You know what we did as a 'exercise' to start the day? Encircle sequential numbers on a piece of paper filled with random numbers. And yes, that's as bad and pointless it sounds. Was it used to explain proof-of-work? No. What was it for then? I STILL DON'T loving KNOW. And of course (!) more pointless games including "opportunities vs threats", "write down your favourite organisation you've been part of", etc.

And good gracious, the terminology used. My Bullshit Bingo card was full after one hour, I think. "Leadership", "maximizing profits", "turn-key membership platform (to streamline management??)", "disrupting market forces", "high technology penetration". What the hell, really.

I did like the organisation of the public event at Friday and Saturday, although I found it really wasteful. Is it really necessary to distribute plastic bottles with maybe 50 mL of juice in them? Or to distribute bottled water, instead of encouraging reuse of a cup or glass? Or to package two types of food thus encouraging trash? (Maybe I'm just being an rear end in a top hat about it.)

tl;dr: lovely event, would go again. B+.

Soricidus
Oct 21, 2010
freedom-hating statist shill

...! posted:

I did like the organisation of the public event at Friday and Saturday, although I found it really wasteful. Is it really necessary to distribute plastic bottles with maybe 50 mL of juice in them? Or to distribute bottled water, instead of encouraging reuse of a cup or glass? Or to package two types of food thus encouraging trash? (Maybe I'm just being an rear end in a top hat about it.)
i'm the guy who cares more about wasting a tiny quantity of plastic than huge amounts of energy

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
The Secret To Bitcoin's Success Might Be Not Telling People They're Using Bitcoin

[...]

“We’re really trying to make using digital money accessible to mainstream users,” said Circle’s Jeremy Allaire in a video of how his service works.

Circle — which will let users buy Bitcoin with a credit card (!), debit card or bank account — is going head to head with Coinbase, while Bitreserve — which will only store Bitcoin obtained elsewhere — is competing with Blockchain.info. What they hope will set them apart is their focus on “normal money.” New Circle users instantly get $10 in their account; its .022 BTC-equivalent is grayed-out and de-emphasized below that. By pushing the weird virtual money created by an unknown dude into the background, these companies hope to appeal to mainstream users, truly threatening banks, money transfer services, and financial technology giants like Paypal that charge sometimes exorbitant fees to send money around the world.

Of course, to start an account with Circle, you still need a bank account of some type to buy bitcoin unless you already own them. And with Bitreserve, you do need to have Bitcoin to begin with. Bitreserve claims it will actually convert people’s Bitcoin into U.S. dollars, British pounds, euros, renminbi, or yen while it holds them, backed by a real-world currency reserve, protecting them from Bitcoin’s infamous volatility. But Circle does not have a system like that, and I do wonder what its users are going to think when their “$10″ is worth $12 or $8 the following day, depending on how the Bitcoin market is swinging. For Circle’s service to work, the price of Bitcoin is going to need to stabilize in a big way.

“Circle doesn’t shield users from bitcoin’s price volatility, meaning that account balances will change if the value of bitcoin changes relative to the dollar,” says a Circle spokesperson.

[–]Poryhack 19 points 7 hours ago

I think this right here effectively negates the whole article:

'and I do wonder what its users are going to think when their “$10″ is worth $12 or $8 the following day, depending on how the Bitcoin market is swinging.'

People are going to be painfully aware that they're using bitcoin for that reason alone.

[–]Throwahoymatie 1 point an hour ago

Painfully aware? You mean happily aware.

How dare the Bitcoin price appreciate! How dare people have extra buying power! Cease these impure thoughts immediately!

[–]_nightengale_ 12 points 6 hours ago

Not if fiat is held, and you quickly trade into and out of Bitcoin for money transfers. I believe this is going to be Bitreserve.org's model -- it makes a lot of sense. And once enough volume is using Bitcoin for moving money, it will become a more acceptable store of value and prices will increase and stabilize.

[–]ba4s 1 point 3 hours ago

Your final paragraph is correct as of today, but eventually Bitcoin is likely to become stable, and not experience the volatility of today, then it can be a way to send payment without fearing volatility.

[–]unk1911 -1 points 2 hours ago

rules if bitcoin club

1st rule: you do not talk about bitcoin 2nd rule: you DO NOT talk about bitcoin

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Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
TIL Satoshi's disappearance immediately followed Gavin's correspondence where he mentioned 'going to talk at the CIA' (bitcointalk.org)

submitted 6 hours ago by hmsimha

[–]samsonx 20 points 5 hours ago

This is well known. As soon as Gavin said he was going to the CIA Satoshi disappeared. I don't blame him, who'd want to be mixed up with that bunch of crooks.

Is Gavin now a CIA stooge ?

[–]dfgs352342342 41 points 6 hours ago

More like the CIA talk was Gavin's "job interview".. after he was accepted they nolonger needed to maintain the 'satoshi' persona anymore.

[–]corebtc 7 points 4 hours ago*

If it is the NSA (plus CIA no doubt), that to me is a buy signal. It means they have won and General Alexander or a rival is ready to assume the Imperial Throne, dissociating themselves from dependence on Congress as a means of funding their operations. There is no point in resisting an omniscient, omnipotent sovereign. http://www.reddit.com/r/Bitcoin/comments/1u89qv/why_the_nsa_revelations_make_me_worried_about_the/cefifmz

[–]ElHombreDelQueso 4 points 4 hours ago

That's a scary thought. A global secret police with it's own independent funding piggybacking on the value of a globally used depreciating asset...

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