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Wow they got Pete Davidson to perform
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Nov 30, 2021 04:45
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I hope Gorillaz successfully sues and gets legal ownership of all the stupid ape pics
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Nov 30, 2021 21:51
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jesus christ the zipper on my pants broke and my weiner was just flopping around luckily everyone was at lunch
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Dec 1, 2021 00:53
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And the battle is going again And the heart is uneasy in the chest And Lenin is young once again And the young October is ahead And Lenin is young once again And the young October is ahead The news is flying to all ends of the world Believe us, oh ancestors There will be new victories New warriors will rise! (check the numbers)
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Dec 4, 2021 08:25
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Dec 4, 2021 15:20
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We need Elon to post something vague to make the crypto bros sell their kids insulin, STAT!
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Dec 4, 2021 15:27
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Sacrist65 posted:Wow they got Pete Davidson to perform
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Dec 4, 2021 15:37
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https://twitter.com/slavomir_YU/status/1467004625505210369
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Dec 5, 2021 03:43
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Glad to see that El Salvador is the official owner of Tether.
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Dec 5, 2021 05:21
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https://twitter.com/garyvee/status/1467303982519492619 hugs and kisses for the preteen NFT artists
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Dec 8, 2021 15:12
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Creepy guys asking under age kids for things and cryptocurrency, a tale as old as time
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Dec 8, 2021 15:31
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So, who gets the AV?
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Dec 8, 2021 16:55
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StratGoatCom posted:So, who gets the AV? are there any nft defenders in cspam? I think they be a good candidate
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Dec 8, 2021 17:17
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so do crypto people even want it to be an actually usable currency at this point because not knowing much about economics it seems like that would tank the cash value of their internet tokens?
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Dec 8, 2021 17:56
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Dr. Killjoy posted:so do crypto people even want it to be an actually usable currency at this point because not knowing much about economics it seems like that would tank the cash value of their internet tokens? more people using bitcoin should increase the price as demand increases the reason it loving sucks as a currency is that its not stable. imagine trying to pay your rent with bitcoin only to realize the price dropped and you are now short on money
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Dec 8, 2021 17:58
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babypolis posted:more people using bitcoin should increase the price as demand increases or that you overpaid your rent or you overpaid your rent and your landlord refunds however much bitcoin but it lost value between overpaying and getting the refund
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Dec 8, 2021 18:44
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Dr. Killjoy posted:so do crypto people even want it to be an actually usable currency at this point because not knowing much about economics it seems like that would tank the cash value of their internet tokens?
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Dec 8, 2021 18:47
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why exchange any currency for alcohol when you can endogenously ferment your own inside your guts via auto brewery syndrome? that’s called passive income
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Dec 8, 2021 18:59
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Cryptocurrency would also be terrible as an actual currency because it's inherently deflationary. If you know the supply of your currency is limited, you won't spend it because it'll be worth more in the future. The goon-written book Attack of the 50-Foot Blockchain talks a lot about this subject, relating it to the Capitol Hill Babysitting Cooperative. The currency of the cooperative (scrip) was deflationary and limited so people stopped going out and spending it.
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Dec 8, 2021 19:01
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spacemang_spliff posted:or that you overpaid your rent "I demand a protated refund for this 3/4 of a pizza immediately! Faster, dammit, it's mooning!! IT'S MOON- wait, gently caress, I need that pizza back now."
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Dec 8, 2021 21:55
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babypolis posted:more people using bitcoin should increase the price as demand increases but also there’s like 7 more reasons it sucks as a currency the global 10ish transactions per second maximum is fundamental to the design, for instance
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Dec 9, 2021 00:41
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All the people trying to use things like proof of stake want it to be a currency. Like the ethereum guy does, but he's already a billionaire so he's more than happy to play fun games with it. Other proof schemes are super controversial though because there's a fear it will make crypto "inflationary" (i.e. stop being tulip bulbs for dweebs). Getting rid of proof of work just highlights the dozens of problems with crypto that aren't proof work though so it doesn't really matter.
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Dec 9, 2021 07:58
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Just to make sure I'm understanding this correctly--this took him nearly a minute just to buy a beer. But the nature of the blockchain means that every additional transaction means the next transaction will take longer, right? So transactions become more time-consuming and less efficient over time, right?
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Dec 9, 2021 14:58
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Not necessarily, the increasing time with Bitcoin comes from a difficulty factor that increases over time, but it increases at key breakpoints and eventually caps out, and most types of crypto don't do that. The block chain doesn't get slower with each block, only the hash of the last block is used in the current one. It does get slower as more compute power enters the system, though, so... that's nice.
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Dec 9, 2021 17:05
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30.5 Days posted:It does get slower as more compute power enters the system, though, so... that's nice. How does something get slower with more computational power?
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Dec 9, 2021 17:41
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babypolis posted:more people using bitcoin should increase the price as demand increases it’s just not a currency at all. the value of the currency shouldn’t matter. it can only be a currency if all goods are available denominated in that currency. it doesn’t count if it’s denominated in dollars with an exchange rate multiplier. bitcoin is a currency like a share in mutual fund is a currency
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Dec 9, 2021 17:49
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currency
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Dec 9, 2021 21:36
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Vomik posted:it’s just not a currency at all. the value of the currency shouldn’t matter. it can only be a currency if all goods are available denominated in that currency. it doesn’t count if it’s denominated in dollars with an exchange rate multiplier. I want to make this poo poo dumber. Is there anyway to make another blockchain layer, and another layer to bitcoin, to make a functional currency. Like, do I need to make a Bitcoin nation, and then make bitcoin-coins?
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Dec 9, 2021 22:59
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Xanderkish posted:How does something get slower with more computational power? it is designed to take 15 minutes to complete a block, if it takes less time, it increases the difficulty going forward it can lower the difficulty if it takes too long but the amount it can lower it is capped so it is possible for it to get stuck and never complete blocks in a "reasonable" time frame
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Dec 10, 2021 03:34
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Xanderkish posted:How does something get slower with more computational power? the literal way it works is that a very big random number is picked to be the next block winner, and all the computing power is being used to guess that number more computers = number is found faster therefore if the time to guess the winning number starts to get low, the numbers get larger
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Dec 10, 2021 03:39
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So it's a case of self-regulating artificial scarcity. This is starting to sound a bit like the centralized currency that Bitcoin proponents criticize. Only instead of a government that modifies the injection of cash based on market conditions, it's a single program (controlled by a single person or group) that outputs its currency at a constant rate regardless of economic conditions, and that incentivizes effectively ritual displays of waste in order to obtain it at random probability, thereby favoring the people who already have the money to afford the ritual displays, but fundamentally allocating it in random and arbitrary ways. If I'm understanding this correctly, Bitcoin reinvented the Fed, only now it's the Fed after inhaling large amounts of carbon monoxide and sustaining permanent brain damage.
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Dec 10, 2021 04:17
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not really, no
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Dec 10, 2021 04:36
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I mean don't get me wrong bitcoin is dogshit and tulip insanity for the modern age but you're off the mark there
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Dec 10, 2021 04:37
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major push in celebrity and mainstream media endorsement of crypto lately, along with hilarious “woke” framing on how it can benefit marginalized communities oddly enough the kind of libertarian or post-left shithead who can’t stop bitching about liberal celebrities/media or “woke” culture is still completely confident that crypto will liberate people from the tyranny of fiat
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Dec 10, 2021 04:37
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Pentecoastal Elites posted:I mean don't get me wrong bitcoin is dogshit and tulip insanity for the modern age but you're off the mark there Wouldn't surprise me. I've been reading about how ridiculous Bitcoin is for years, and even though I know the broad strokes of how it's stupid, I can never seem to grasp the finer details in-between the technobabble and psedutechnobabble.
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Dec 10, 2021 04:39
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Xanderkish posted:Wouldn't surprise me. I've been reading about how ridiculous Bitcoin is for years, and even though I know the broad strokes of how it's stupid, I can never seem to grasp the finer details in-between the technobabble and psedutechnobabble. it's understandable, everything about how it works is computer nerd bullshit and like so much computer nerd bullshit is a mostly useless nerd geegaw that has been forced into a tool to peel money from people if you care (you shouldn't) no single entity (or program, for that matter) controls or manipulates bitcoin. The thing that increases complexity based on solve/mining times is baked in to the system in a complicated math thing that can't really be extracted from the system. It is, like they say, actually decentralized and can't be (directly) hosed with for the most part. This is the "crypto" part of cryptocurrency. The complexity increasing produces something sort of, kind of like scarcity (but weirder and dumber) where doing the math to produce new bitcoins out of thin air -- which used to be very easy in the beginning when bitcoin was worth nothing -- has become so computationally hard that it is only profitable if you have access to cheap energy and tons of computing power, and if the price of bitcoin stays very high. Lots of economic conditions can affect this relationship between computation cost and bitcoin generation, but you're right in as much as that it is only really profitable for people who have the resources to throw at mining new bitcoins. If the price of bitcoin went down (because of regulation, say), or energy prices spiked, mining would no longer be profitable no matter how many resources you could devote to mining. Bitcoin essentially "works" in that it's math/software that for the most part does what it says on the label. Unfortunately what that does is mostly worthless for almost any real-world use case.
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Dec 10, 2021 05:06
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https://twitter.com/dz/status/1469424767488962570
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Dec 11, 2021 15:15
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https://twitter.com/CoinCornerMolly/status/1469321657311543298
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Dec 11, 2021 17:21
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https://twitter.com/CoinCornerMolly/status/1469321657311543298
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Dec 11, 2021 19:31
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https://twitter.com/bitocrates/status/1469392465253777408?t=nd7_pCsQR19HtqcSYDDqng&s=19
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Dec 11, 2021 19:57
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