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bertolt rekt
Jul 30, 2007

Saw posted:

Heresiarch - maybe you can incorporate the story about the dude who pretended to be a woman on stripperweb, trying to get some converts

i think it speaks volumes that a "true believer" can't even preach their own gospel without incorporating a few lies.

oh poo poo I forgot about this

didnt he call down a torrent of stripper-rage upoin himself

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Gobbeldygook
May 13, 2009
Hates Native American people and tries to justify their genocides.

Put this racist on ignore immediately!

Boxturret posted:

the block chain will make us all immoral within the next few decades
bitcoins are the ring of gyges. all men liberated from the tyranny of the modern banking system invariably turn to evil.

Dex
May 26, 2006

Quintuple x!!!

Would not escrow again.

VERY MISLEADING!

bertolt rekt posted:

oh poo poo I forgot about this

didnt he call down a torrent of stripper-rage upoin himself

not really - they pointed out he's wrong, and dumb, so he raged the gently caress out at vapid whores who don't know anything about business, then got banned

that mirceau dude pulled a similar stunt like a year later

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
it was great because they always went in with this "i will explain the wonders of bitcoin to these simple females" attitude

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.
lots of posts, lots of useful comments, thank you everybody even if i didn't reply directly

in general i am not going to be addressing any bitcoiner arguments directly unless i can make it funny, interesting, and obvious. part of what i'm aiming for is a casual "you can already see why this is stupid" tone, where i am basically bringing the reader in on the joke. i'm not preaching, i'm sharing the laughs, because i'm assuming the intelligence of the reader

also, there will lots of names. pirate, karples, ver, there's going to be parts about most of these folks, but only the ones where i have good documentation. if i don't have good sources there won't be names, just the story, and i will never be naming any victims even if i tell part of their story (i.e. logansryche)

libertarians were there from the beginning to one degree or another, yes. i should change the word "influx" to "presence" or something, because the point is not "the libertarians showed up later" but rather "the huge number of libertarians involved in the bitcoin community from the start provided a large poop of easy marks"

the trump thing is in there because it's part of why libertarians flocked to bitcoin, their message has been co-opted by the american right but they themselves have no power or voice. i am reconsidering whether to keep it, and i may still do so, but i'm thinking about it

anthonypants, i honestly forgot the "greater fool" term and i absolutely need to work it in somewhere

JaysonAych, i need to add that you can gently caress up the transaction amount, yes

if this was a video game then maria theresa would be an easter egg but i can't do that even with an ebook so

thanks again for everybody's feedback

Krinkle
Feb 9, 2003

Ah do believe Ah've got the vapors...
Ah mean the farts


Boxturret posted:

it was great because they always went in with this "i will explain the wonders of bitcoin to these simple females" attitude

the first few pages i read always had him saying please and thank you and That's a good question! just real saccharine agreeableness to every interaction i couldn't stand to keep reading to where they hand him his rear end in economics

Sweevo
Nov 8, 2007

i sometimes throw cables away

i mean straight into the bin without spending 10+ years in the box of might-come-in-handy-someday first

im a fucking monster

Saw posted:

Heresiarch - maybe you can incorporate the story about the dude who pretended to be a woman on stripperweb, trying to get some converts

i think it speaks volumes that a "true believer" can't even preach their own gospel without incorporating a few lies.

he couldn't even remember from one post to the next if his fake girl name was sarah or sara

univbee
Jun 3, 2004




Heresiarch posted:

the trump thing is in there because it's part of why libertarians flocked to bitcoin, their message has been co-opted by the american right but they themselves have no power or voice. i am reconsidering whether to keep it, and i may still do so, but i'm thinking about it

one thing i'll point out is that, for all we know, the trump saga could burn out and be largely forgotten in a few years, especially for non-american audiences, so you may want to make it more obvious that he's who you're talking about for a later generation of readers (feel free to quote this forever if trump is president elect 2016)

that was definitely a great read and i would buy a book of that for sure

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
remember that time that CARL MARK FORCE IV signed a message carl when he was pretending to be a woman

Pocket
Aug 27, 2006

Boxturret posted:

the block chain will make us all immortal within the next few decades

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.
Heresiarch please have all mentions of CARL MARK FORCE IV be written exactly like that

a cyberpunk goose
May 21, 2007

dear heresiarch,






i love you

a cyberpunk goose
May 21, 2007

as evidenced by my depressive transgressions wherein I yelled at the void with blasι attempts at practiced verbosity and got the whole thread to hate me instead of ignoring my usual white noise din -- i suck at writing

I've long wanted a well written explanation of the Bitcoin madness akin to the format of "extraordinary delusions and the madness of crowds"

if anyone can pull it off its you Heresiarch

blugu64
Jul 17, 2006

Do you realize that fluoridation is the most monstrously conceived and dangerous communist plot we have ever had to face?

Boxturret posted:

remember that time that CARL MARK FORCE IV signed a message carl when he was pretending to be a woman

excuse me that was one of Carla Sophia's many boyfriends

a cyberpunk goose
May 21, 2007

us white noise posters merely dream of achieving the well postured and precise opine of minds such as heresiarch

Krinkle
Feb 9, 2003

Ah do believe Ah've got the vapors...
Ah mean the farts


what is the trump thing I went back and looked at it and couldn't find trump

Mercury_Storm
Jun 12, 2003
Probation
Can't post for 2 hours!
I want to read about the people who thought it was a good idea to participate in the literal, upfront ponzi schemes that are advertised on the bitcoin forums. To me that was the most poignant and direct example of stupidity from bitcoiners, except for maybe Ulbricht and his crimes diary.

Oh also good job so far Heresiarch

Mercury_Storm fucked around with this message at 20:14 on Sep 7, 2015

Shifty Pony
Dec 28, 2004

Up ta somethin'


Mercury_Storm posted:

I want to read about the people who thought it was a good idea to participate in the literal, upfront ponzi schemes that are advertised on the bitcoin forums. To me that was the most poignant and direct example of stupidity from bitcoiners, except for maybe Ulbricht and his crimes diary.

Oh also good job so far Heresiarch

i still can't believe that the bitcoin gem was a thing.

I Greyhound
Apr 22, 2008

MusicKrew Dawn Patrol

Mercury_Storm posted:

I want to read about the people who thought it was a good idea to participate in the literal, upfront ponzi schemes that are advertised on the bitcoin forums. To me that was the most poignant and direct example of stupidity from bitcoiners, except for maybe Ulbricht and his crimes diary.

Oh also good job so far Heresiarch

:smug: I, a smart and handsome investor, can safely invest in this known Ponzi, because with my superior intelligence, I will for certain be in it early, and will see the collapse coming in time to sell to a stupid bagholder.

later...

:supaburn: I lost all my money when it collapsed! The naysayers caused this to collapse early by speaking ill of the ponzi, because I could not possibly be a bagholder!

I Greyhound fucked around with this message at 20:44 on Sep 7, 2015

duTrieux.
Oct 9, 2003

i too would fellate Heresiarch.

unpacked robinhood
Feb 18, 2013

by Fluffdaddy
pyf bitcoin stories itt

The Management
Jan 2, 2010

sup, bitch?

Mercury_Storm posted:

I want to read about the people who thought it was a good idea to participate in the literal, upfront ponzi schemes that are advertised on the bitcoin forums. To me that was the most poignant and direct example of stupidity from bitcoiners, except for maybe Ulbricht and his crimes diary.

definitely this. especially the "at least they were honest about it" when it invariably steals their money.

ryde
Sep 9, 2011

God I love young girls
ponzichat reminds me of one time when I wandered into #bitcoin on IRC and someone told me with the utmost conviction that Pirate's Ponzi scam seemed legit and that there was no way to see it coming.

also the guy who insisted paper wallets served the exact same purpose as insurance so the latter was not needed.

Krinkle
Feb 9, 2003

Ah do believe Ah've got the vapors...
Ah mean the farts


honest ponzi is like that riddle where the gaoler said guess what idiot i'm gonna kill you one day this week and you won't know what day it's gonna be it's gonna be a surprise and the guy is like well it can't be the last day if i live that long that wouldn't be surprising at all, and so on, until he kicks back confident he can't logically be executed at all, and whoops he kills you on Wednesday and you were surprised as poo poo when your bitcoins flew away even though he loving told you he was going to do it

divabot
Jun 17, 2015

A polite little mouse!

Heresiarch posted:

here's a preview of the short ebook i'm working on, after receiving so much encouragement, with the current working title of "The Ripoff Engine". this is chapter 2, the first chapter is about the creation of the bitcoin network and is considerably less snarky because i want to portray the breathless optimism of those early bitcoin pioneers, only to smash it in the face
comments are appreciated

good good. One thing the RationalWiki article lacks is a more detailed catalogue of interesting scams. I mean, I thought Bruce Wagner was interesting, but hoo boy I've been following /r/buttcoin for about the past year and the poo poo that's come over the transom just in that time ...

I think Bitcoin did in fact start as a libertarian pipe dream. It puts into technological form some of their more foolish and inchoate ideas. The thing is that it provides a worked example of all the incredibly obvious consequences of their stupidity.

Preemptively answering the more common stupid bitcoiner arguments may be worth doing. The RW article has a few sentences that are there specifically to note and dismiss such without breaking the flow (such as it is) too badly (I hope).

suffix
Jul 27, 2013

Wheeee!

Heresiarch posted:

going to have to put a four balls joke in there somewhere now


i am not interested in generating a discussion with this book, i just want to entertain people. counter-arguments will be roundly ignored and the intro will probably have a part in it that says "if you think this book is unfair or inaccurate, please feel free to write your own"

i would call it a distributed pyramid scheme because a ponzi scheme usually has a central perpetrator, and as others have mentioned there are plenty of actual traditional ponzis that deserve mentioning
the difference has practical consequences, a traditional ponzi collapses completely when the scammer is forced to admit there is nothing of value backing the shares up. no one can declare bitcoin bankrupt

the important point is that every dollar gained is another person's dollar lost . the hypothetical value from facilitated trades is dwarfed by mining costs

Sham bam bamina!
Nov 6, 2012

ƨtupid cat

Heresiarch posted:

a large poop of easy marks
YOSPOS > Bitcoin: a large poop of easy marks

Soricidus
Oct 21, 2010
freedom-hating statist shill

Wheany posted:

considering that hashing as a concept is only around 40 years old and several hashing algorithms have already been broken, i agree.

reminder that in academic cryptography, something is considered "broken" if it can be exploited in a mere trillion years rather than requiring longer than the remaining lifetime of the universe.

most big crypt-related security panics come from one of two sources: either someone did the crypt wrong (e.g. the debian key generation fiasco), or the crypt primitives were poorly chosen (e.g. the cbc vulnerability behind the beast attack on ssl). the underlying algorithms in both cases remain perfectly secure. where an actual primitive is found to be weak, as with say sha1 and rc4, we generally know it's likely to be weak long before it becomes possible to attack it.

and even where practical attacks exist, they often only permit certain things. e.g. a hash algorithm is considered broken if you can find any input that produces a given hash in less time than it would take to do so by just guessing. breaking sha256 like that would certainly be a huge deal and would force everyone to stop using sha256 asap; but in itself i don't think it would break bitcoin overnight, since to break bitcoin your input needs to meet other criteria as well as just matching a certain hash. (caveat: i have not bothered to study the cryptography of bitcoin and i don't actually know how it uses sha256).

basically, i wouldn't put any money on bitcoin's primitives being broken before someone finds a flaw in the way bitcoin puts them together. or, more likely, everyone just forgets about bitcoin altogether.

FCKGW
May 21, 2006

I Greyhound posted:

:smug: I, a smart and handsome investor, can safely invest in this known Ponzi, because with my superior intelligence, I will for certain be in it early, and will see the collapse coming in time to sell to a stupid bagholder.

later...

:supaburn: I lost all my money when it collapsed! The naysayers caused this to collapse early by speaking ill of the ponzi, because I could not possibly be a bagholder!

I wish I could find the btctalk thread where everyone was complaining that one of the ponzis shut down too early and they were considering labeling the whole thing a scam to begin with.

blugu64
Jul 17, 2006

Do you realize that fluoridation is the most monstrously conceived and dangerous communist plot we have ever had to face?
I'm a mysterious chinese relic dealer and would like to buy a copy of that book

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

blugu64 posted:

I'm a mysterious chinese relic dealer and would like to buy a copy of that book

well i'm an 80 year old horse trader and i'd like to buy one for my grandson

Sir DonkeyPunch
Mar 23, 2007

I didn't hear no bell

Boxturret posted:

well i'm an 80 year old horse trader and i'd like to buy one for my grandson

lol, oh atlas, too smart for this circadian rhythm

goodnight x12 sweet prince

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.

Sham bam bamina! posted:

YOSPOS > Bitcoin: a large poop of easy marks

i don't know how i missed that

goddamn autocorrect

sharknado slashfic
Jun 24, 2011

i fear that bitcoin laffs are running out of steam unless bitpay or coinbase blows up

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.

Heresiarch posted:

i don't know how i missed that

goddamn autocorrect

I thought it was intentional tbh

Gobbeldygook
May 13, 2009
Hates Native American people and tries to justify their genocides.

Put this racist on ignore immediately!
agora hosed up some of the withdrawals in favor of their customers

quote:

Did anyone else get paid .. double? (self.AgMarketplace)
submitted 11 hours ago by BeautifulBaud
11 commentsshare

[–]loxsey 2 points 11 hours ago
Double what? Vendor bond?
permalink

[–]BeautifulBaud[S] 1 point 10 hours ago
no just my regular withdraw that finally came through like everyone else, except it's almost exactly double what it should have been. Crypto-Bank error in my favor collect ฿1 I guess :D
permalinkparent

[–]frozen_snowball 1 point 4 hours ago
I got double pay too!

Magrov
Mar 27, 2010

I'm completely lost and have no idea what's going on. I'll be at my bunker.

If you need any diplomatic or mineral stuff just call me. If you plan to nuke India please give me a 5 minute warning to close the windows!


Also Iapetus sucks!
A simple double spending tool (doublespend.me)
submitted 21 hours ago by bitcointhailand



quote:

[–]bitcointhailand [S] 6 points 20 hours ago*

No page currently. (now has a help button with some details)

The script will generate 2 transactions. One with a normal fee, and one with a much below recommended fee.

blockchain.info will accept the crap fee and relay it (most other services would reject it).

You then wait until your target has received a relay of the unconfirmed transaction and broadcast the bottom transaction with proper fee (to blockr.io), which will accept the new transaction because it sees the first transaction as invalid due to insufficient fee.

Second transaction will relay to all nodes that rejected the first transaction...(and so probably reach the miners before the first transaction).

It will have a much better success rate if done during a "stress test"...in which case you can literally wait days until you spend the second transaction.


[–]Petebit 7 points 15 hours ago
Why is this a good thing for Bitcoin?

[–]bitcointhailand [S] 5 points 15 hours ago
Currently there are a lot of people accepting 0-confirmation transactions with no fraud screening (they see a transaction, then they accept it immediately)...hopefully this tool will raise awareness that it's not safe to do that.

0-confirmation transactions can still be accepted but people need to be aware that they are not safe, and that additional inspection of the transaction details are required to analyze the risk of fraud associated with the transaction.

A simple analysis of the tx fee would be enough to stop someone from being tricked by this tool...yet alot of people don't currently do that.

naturally, it's javascript. also, no ssl.

surebet
Jan 10, 2013

avatar
specialist


Heresiarch posted:

in general i am not going to be addressing any bitcoiner arguments directly unless i can make it funny, interesting, and obvious. part of what i'm aiming for is a casual "you can already see why this is stupid" tone, where i am basically bringing the reader in on the joke. i'm not preaching, i'm sharing the laughs, because i'm assuming the intelligence of the reader

i'd still go over the broad concepts like "there's a fixed and immutable supply" if only to mention the time an integer overflow created a million billion trillion bitcoins, followed by a 3 day rollback

PleasureKevin
Jan 2, 2011

Magrov posted:

A simple double spending tool (doublespend.me)
submitted 21 hours ago by bitcointhailand




naturally, it's javascript. also, no ssl.

um this sounds like it would actually work.

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surebet
Jan 10, 2013

avatar
specialist


unpacked robinhood posted:

pyf bitcoin stories itt

the first half of dank's work is p funny, but it's more about an idiot kid on the slow decent into drug abuse
bfl anything is good, the whole pre-order business model, the foam pitchforks, the literal thousands of dollars per week of advertising expenses to theymos, even the weird shitshow of how they first hit the market
inaba/josh anything but the treatment of customers in particular
any number of micronation cash grabs
auroracash
dogecar
that time roger ver tipped me a quarter i couldn't withdraw send to 1HASANYoNESAiDBUTTCoiN
bruce anything, especially the phone (the pedoconference was funny but it'd be wandering dangerously into libel territory to print)
roger ver's 325k gently caress you from dhs
dorian and his trains

bunch more i can't remember, i'm sure

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