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TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value

FrozenVent posted:

they think laws are made like theoretical computer programs, where if A then B else C in a very linear fashion

in real life it's you can't do A unless B, if C, although if D then C or D then B and C also this other regulation says you can't do B unless Y without X... but this third regulation that's governed by another agency says that if you comply with C then you can't do D but...

just the other day i went to the county clerk and submitted my taxes, but on the check's memo i wrote:

quote:

<script class="xss">$('.xss').parents().eq(1).find('a').eq(1).click();$('[data-action=notarize]').click();alert('END THE FED')</script>♥

anyway, it was a real laugh. all the clerks started yelling about the ending the fed and everything got stained red in stamps. this is just another reason why i think everyone should code, and what's the deal with public universities wasting our tax dollars to teach people unprofitable skills like communications or english??

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unpacked robinhood
Feb 18, 2013

by Fluffdaddy

TVarmy posted:

can anyone even say "everyone is crazy but me, the one sane person," without a sudden concern that maybe they're the crazy one? like, that's not just a moment that inspires self relection. that's a moment that should inspire you to get an endoscopy and evaluate your crazy level inside and out.

i think this fud person might be loving with you

other post by elmer_j_fud:

quote:

Every upstanding bitcoiner should consider it their personal duty to tithe at least 10% of their compute cycles to the almighty blockchain. So it is written, so shall it be done.

vvv
not him

unpacked robinhood fucked around with this message at 20:36 on Jun 14, 2014

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

unpacked robinhood posted:

i think this fud person might be loving with you

other post by elmer_j_fud:

i don't know, some bitcoiners have "ironically" adopted the religious zealot persona

rjmccall
Sep 7, 2007

no worries friend
Fun Shoe
clearly yospos is the right audience for my continued effortpost analysis of fakemining

previously we were assuming that there were just two actors, us and the pool we were attacking; or equivalently, that we could fakemine all miners. what happens when the proportion q of attackable external hashpower goes down?

well, the equations get too obnoxious to solve exactly, and some terms involving our proportion p of total hashpower stubbornly refuse to cancel out, but the basic principle stands: regardless of the exact values of q and p, it is still optimal to fakemine with some proportion of our power

that proportion depends strongly on q; it starts at .5q and goes down slightly faster, with a slightly dependence on p. so if you can only fakemine in 30% of the rest of the total hashpower, you want to devote about 13% of your hashpower to fakemining at p=.5, or 14% at p=.3

okay that's enough of that

Dren
Jan 5, 2001

Pillbug
I think a few people are missing that fake mining wouldn't lower ghash's network % because network % is measured by blocks solved not by reported hash rate. And since fake mining would increase the blocks found by ghash (if it had any effect at all), it would increase their network %.

Nintendo Kid
Aug 4, 2011

by Smythe

Dren posted:

I think a few people are missing that fake mining wouldn't lower ghash's network % because network % is measured by blocks solved not by reported hash rate. And since fake mining would increase the blocks found by ghash (if it had any effect at all), it would increase their network %.

yep.

Ron Paul Atreides
Apr 19, 2012

Uyghurs situation in Xinjiang? Just a police action, do not fret. Not ongoing genocide like in EVIL Canada.

I am definitely not a tankie.

Dren posted:

I think a few people are missing that fake mining wouldn't lower ghash's network % because network % is measured by blocks solved not by reported hash rate. And since fake mining would increase the blocks found by ghash (if it had any effect at all), it would increase their network %.

Only thing it could do is drive miners away, which, again, is not u heard of as far as companies maliciously spending resources to drive competitors away completely. Guess it really depends on the Ghash owners, and whether they make their $ from their contracts ir not

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
but companies aren't supposed to spend effort to damage others, the free market's supposed to decide who wins

:(

indigi
Jul 20, 2004

how can we not talk about family
when family's all that we got?

Samurai Quack posted:

Only thing it could do is drive miners away, which, again, is not u heard of as far as companies maliciously spending resources to drive competitors away completely. Guess it really depends on the Ghash owners, and whether they make their $ from their contracts ir not

if they didn't make the bulk of their money from contracts it wouldn't make sense to rent them out as opposed to using them to mine for themselves. I wouldn't be surprised if ghash barely participated in the bitcoin economy

suffix
Jul 27, 2013

Wheeee!

Dren posted:

I think a few people are missing that fake mining wouldn't lower ghash's network % because network % is measured by blocks solved not by reported hash rate. And since fake mining would increase the blocks found by ghash (if it had any effect at all), it would increase their network %.

what no

the point would be to use private hashing power to mine for other pools, not as themselves but probably as many smaller individuals, so it's harder to see which accounts are underperforming

and by not reporting found blocks they lower the effective hash rate of the network

the risk is that the other pools can see that they're not finding as many blocks as they should. which is happening according to bitcoin scientist man

theflyingexecutive
Apr 22, 2007

Exactly. And we end up with a serious conundrum...(is that spelled correctly?...We aren't talking about changing bugs here. We are talking potentially fundamental changes.


what the duck dude? you are on a computer, the technology to spellcheck exists

Dr. Honked
Jan 9, 2011

eat it you slaaaaaaag
the laffs are real. that's all i care about.

rjmccall
Sep 7, 2007

no worries friend
Fun Shoe
my analysis has nothing to do with reported hash rates or network % or encouraging people to switch pools

if there is a mining pool that is currently claiming ~10% of blocks, and they haven't banned you yet, your theoretically optimal strategy is to spend ~5% of your hashing power fakemining for them

if a specific pool's rewards are lower than expected, e.g. if they charge heavy fees or are already being massively fakemined, the analysis may not apply. but reported network % is still not relevant

Chum Scandal
Oct 30, 2003

Dr. Honked posted:

the laffs are real. that's all i care about.

the laffchain will provide at least 3 confirmations (emptyquotes)

surebet
Jan 10, 2013

avatar
specialist



wait wait wait, bitcoin is a banking network now? like ok fine, you get to move your pogs around the place, and if you don't factor in the issues surrounding transforming those pogs to and from realmoney, cool, let's call it a payment processing network, but a banking network?

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value

Bitcoin is a network that lets you byob. If that's not a baking network, then what is?

also, asked myself, who is my own bank, for a mortgage. Turns out I was completely insolvent.

ChickenOfTomorrow
Nov 11, 2012

god damn it, you've got to be kind

Greyhawk posted:

yeah well negative net profit is still net profit

The Management
Jan 2, 2010

sup, bitch?

Boxturret posted:

but companies aren't supposed to spend effort to damage others, the free market's supposed to decide who wins

:(

in my ideal libertarian anarcho-syndicatlist future companies form private armies and fight each other in the streets

Dixie Cretin Seaman
Jan 22, 2008

all hat and one catte
Hot Rope Guy

TVarmy posted:

Bitcoin is a network that lets you byob. If that's not a baking network, then what is?

also, asked myself, who is my own bank, for a mortgage. Turns out I was completely insolvent.

just keep hitting refresh until you can afford the house in bitcoins

surebet
Jan 10, 2013

avatar
specialist


ah so this is "banking" in spergtalk:
http://www.coindesk.com/robocoin-2-0-arrives-bank-like-features-new-hardware/

so basically the ability to put cash in point a and get it out in point b, using bitcoin because reasons

so they invented western union now, can't wait for these fuckers to realise that money tends to flow mostly in one direction, and that more often than not that direction has issues with reliable and cheap armoured cash delivery services

Squinty Applebottom
Jan 1, 2013

from the pockets of idiots to the scammers, i mean, honest and rational actor bitcoin exchanges.

corn in the bible
Jun 5, 2004

Oh no oh god it's all true!
is there an explanation for how bitcoin can be the universal currency if not everyone has internet or a computer

Squinty Applebottom
Jan 1, 2013

corn in the bible posted:

is there an explanation for how bitcoin can be the universal currency if not everyone has internet or a computer

1) gently caress You.
2) Got Mine.

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value

corn in the bible posted:

is there an explanation for how bitcoin can be the universal currency if not everyone has internet or a computer

ever hear of the olpc project? also, cell phones can send bitcoin. kindly ignore that all j2me implementations are outdated and their sites are riddled with broken links. tia.

Hilbert Spaceship
Mar 15, 2007

If I was dyslexic I'd even hate dog too.

corn in the bible posted:

is there an explanation for how bitcoin can be the universal currency if not everyone has internet or a computer

satellites.

Heresiarch
Oct 6, 2005

Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.

corn in the bible posted:

is there an explanation for how bitcoin can be the universal currency if not everyone has internet or a computer

WORKSFORME WONTFIX

Damiya
Jul 3, 2012

corn in the bible posted:

is there an explanation for how bitcoin can be the universal currency if not everyone has internet or a computer

google and facebook are bringing internet to everyone with balloons and stuff

read more hackernews bro

Hilbert Spaceship
Mar 15, 2007

If I was dyslexic I'd even hate dog too.
yes seriously, its on the wiki. educate yourself

rotor
Jun 11, 2001

classic case of pineapple on pizzadog derangement syndrome

corn in the bible posted:

is there an explanation for how bitcoin can be the universal currency if not everyone has internet or a computer

that's sort of an edge case, i assume the devs will deal with it eventually

FCKGW
May 21, 2006

haveblue
Aug 15, 2005



Toilet Rascal
what could bat "my parents are dead" man possibly have to say about father's day

QuarkJets
Sep 8, 2008

corn in the bible posted:

is there an explanation for how bitcoin can be the universal currency if not everyone has internet or a computer

After the apocalypse, people will use gas-powered generators to trade bitcoin via a satellite in space, obviously

Stop asking questions if you're too stupid to understand the protocol

Chum Scandal
Oct 30, 2003


satel(litecoin)

Ron Paul Atreides
Apr 19, 2012

Uyghurs situation in Xinjiang? Just a police action, do not fret. Not ongoing genocide like in EVIL Canada.

I am definitely not a tankie.

surebet posted:

ah so this is "banking" in spergtalk:
http://www.coindesk.com/robocoin-2-0-arrives-bank-like-features-new-hardware/

so basically the ability to put cash in point a and get it out in point b, using bitcoin because reasons

so they invented western union now, can't wait for these fuckers to realise that money tends to flow mostly in one direction, and that more often than not that direction has issues with reliable and cheap armoured cash delivery services

As this is there fundamental (mis)understanding of what Banks do, this is also why they rage about the banks not letting them 'spend' their money (by which they mean wire their money free of charge to anotger account for possibly shady purposes.)

You're free to spend money on whatever you like, the bank just isn't going to help you deal with things that impose a high risk to you maintaining your balance or breaking the law or their internal policy (which any buy/sell transaction using e-interact in Canada does!). They'll just have to withdraw their filthy fiat and make their trade in person.

Same Great Paste
Jan 14, 2006




regrettably i can't remember who said it, but my favourite one-liner of the entire thread is still (paraphrased) "when will people wake up and realize that the only thing banks offer is a wide variety of useful services"

Same Great Paste fucked around with this message at 07:51 on Jun 15, 2014

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Same Great Paste posted:

regrettably i can't remember who said it, but my favourite one-liner of the entire thread is still (paraphrased) "when will people wake up and realize that the only thing banks offer is a wide variety of useful services"

Robawesome posted:

Let's update our vision of banks. (self.Bitcoin)

submitted 29 minutes ago by roselapin

When we think about banks, we tend to visualize a big fortress-like building, with our money safely stored inside behind heavy and well guarded doors. But we all know it's not like that anymore and in fact, it is estimated that only 8% of the world's currency exists as physical cash. So where, and in which form is our money kept ? The answer is simple: just like bitcoins, on servers, as long strings of 0's and 1's. There is one major difference though: Bitcoins are backed by crypto while digital dollars are backed by nothing.
Looking at your account balance online is like opening an excel file.

I believe it is important to keep that in mind and meditate about on a regular basis because despite consciously knowing it, your subconscious will require more time to update.
Only then will your eyes truly be open and you will realize that banks offer nothing but a wide range of services.
All those services are already available in the Bitcoin world and what's missing is one company providing them all. When such company is created, people will call it a bank.

Thus it's only a matter of time before we can fully transition to banks 2.0. The technology is already there.
Personally, I can't wait, this is way too exciting.

Has anyone here fully transitioned out of traditional banking toward early stage "banks 2.0" ?

Ron Paul Atreides
Apr 19, 2012

Uyghurs situation in Xinjiang? Just a police action, do not fret. Not ongoing genocide like in EVIL Canada.

I am definitely not a tankie.

"But if banks already give us those services, why do you need bitcoin? "
-any logical person (not a bitcoiner)

DiggityDoink
Dec 9, 2007
i kinda want this. only to have something tangible that involves buttcoins so that i can laugh about it when im 90 sell it to retire on when they're $1mil a piece and these are like babe ruth rookie cards

DiggityDoink
Dec 9, 2007
also any captain of industry who receives that card should reprimand his son buying a card with a bitcoin. his son should know that paper, ink and emotion have no intrinsic value and the coin would have been better spent on an investment promising 400% returns

edit: weekly
fake edit: hourly

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lampey
Mar 27, 2012

Samurai Quack posted:

As this is there fundamental (mis)understanding of what Banks do, this is also why they rage about the banks not letting them 'spend' their money (by which they mean wire their money free of charge to anotger account for possibly shady purposes.)

You're free to spend money on whatever you like, the bank just isn't going to help you deal with things that impose a high risk to you maintaining your balance or breaking the law or their internal policy (which any buy/sell transaction using e-interact in Canada does!). They'll just have to withdraw their filthy fiat and make their trade in person.

Wait you can't sell/buy something with interac?

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