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wayne curr posted:Speaking of horrible waste, it's time for a nostalgia trip! Wasteful nostalgia you say? https://www.youtube.com/watch?v=Ut8mwo7vGBI
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Mar 7, 2016 11:56
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y ru competing just team up go with hillary
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Mar 7, 2016 11:58
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Afriscipio posted:https://medium.com/@barmstrong/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.wej2zgbyu That was a great and very bizarre read. Here's a load of reasons why bitcoin is broken and has no future.. so here's what we gotta do..
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Mar 7, 2016 12:09
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i guess ppl never got the idea of picking up and carrying LOL the team on ur back put the team on ur back score the touch down
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Mar 7, 2016 12:10
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So this came across my twitter feed. My first time finding bitcoin in the wild. Article has a ton of great quotes like: "Our companies weren't doing anything wrong and were going through [anti-money-laundering] and [know-your-customer] processes, but were kicked out of bank after bank after bank." "With blockchain, we know what the technology is, but we don't yet know what problem it is solving." "The things [the blockchain] does really well are certification of assets. Think of a deed for a house. If the house burns down, there is no proof. This is a way to prove I own it." http://www.americanbanker.com/news/bank-technology/banks-are-grabbing-in-the-dark-blockchainbitcoin-vc-draper-1079723-1.html?pg=3
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Mar 8, 2016 17:38
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I can't wait for bitcoin to disrupt both home ownership and fire safety. Uhhhh... 
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Mar 8, 2016 17:46
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TheHoosier posted:VOCAL CORD PARASITES The story to MGS5 was so bad. And when they make you listen to the song about killing words in the jeep for 10 minutes. Omg so bad.
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Mar 8, 2016 18:35
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turbomoose posted:So this came across my twitter feed. My first time finding bitcoin in the wild. Article has a ton of great quotes like: yeah no proof at all, certainly houses don't have title records that would be ridiculous, blockchains didn't even exist when this house was built!
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Mar 8, 2016 19:41
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Thanks, that's an interesting way of looking at it! hail orlaf
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Mar 9, 2016 10:48
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Buttcoin purse posted:Thanks, that's an interesting way of looking at it! You're welcome, my friend. Hail orlaf.
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Mar 9, 2016 19:30
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http://www.bitcoingroup.com.au/2016/03/09/bitcoin-group-withdraws-from-its-ipo-and-asx-listing-application/ Short of it is: mining company tries to get listed on Australian Stock Exchange, the ASX does it's due diligence and demands insurance that investors wont unreasonably lose funds, Buttcoin-Group cries.
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Mar 10, 2016 07:18
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johnny almond posted:http://www.bitcoingroup.com.au/2016/03/09/bitcoin-group-withdraws-from-its-ipo-and-asx-listing-application/ Are they the ones who were on their 6th listing attempt? quote:In preparing the working capital report, Grant Thornton, the independent accountant was required to factor in the reduction of newly minted bitcoins released on the occurrence of block halving in July 2016 Good, the reward halvening is working out exactly as we had hoped.
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Mar 10, 2016 09:30
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Buttcoin purse posted:Are they the ones who were on their 6th listing attempt? I believe so, 5th or 6th.
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Mar 10, 2016 09:58
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Hey Sir! Sir! Come back! Please come back to the thread so we can poo poo on you! Our dicks are painfully swollen and red from the circular jerking! Nice to see people talking/debating aspects of bitcoin in the last few pages. Except for this guy... Herman Merman posted:Not really. I enjoy the comedy too though. My personal bitmining operation solves the problem of drawing from the electrical grid, it's powered by 18 wheeler diesel engines. And there's no risk of fire, the equipment is all cooled by submersion in giant tanks of water, which is also my failsafe against federal raids (thanks, Sealand!). I guess my obsession all started with Minecraft... I just loving love mining!
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Mar 10, 2016 11:20
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hail orlaf bro
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Mar 10, 2016 11:22
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helixxo posted:Hey Sir! Sir! Come back! Please come back to the thread so we can poo poo on you! Our dicks are painfully swollen and red from the circular jerking! Is this a joke or are you actually a bittard converting diesel fuel into CO2 and bitcoins
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Mar 10, 2016 17:32
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helixxo posted:I just loving love mining! mate you're a poser and you know gently caress all about mining. "minecraft" you're talking about a children's computer game. You go getting down and dirty in a shaft, wearing a hard hat and drilling for all you're worth then you can talk about how much you love mining
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Mar 10, 2016 17:40
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helixxo posted:Hey Sir! Sir! Come back! Please come back to the thread so we can poo poo on you! Our dicks are painfully swollen and red from the circular jerking! There is not. It's failure at every level. One would not think it is possible but there it is, the perfect mock target.
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Mar 10, 2016 17:51
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Maybe he meant circular jerking, it could be what happens when you (by yourself) just twist your hand back and forth around your dick. Sounds like how a bitcoiner might masturbate
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Mar 10, 2016 21:35
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Circular jerking is when you twist your body so that you cum into your mouth. It is the preferred form of jerking it for libertarians and bitcoiners because gently caress wasting any of my precious cum, do you even realise how limited the world supply of cum is? If the entire world economy switched over to cum overnight, imagine how much each ejaculation would be worth.
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Mar 10, 2016 22:22
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So, I used to teach distributed systems. We'd basically start with centralized systems and point out that they have genuine problems (single point of failure etc). Then we'd discuss distributed systems, which are harder to make work and never more efficient than centralized ones. They can often be more reliable and you can balance performance for resilience. At the end of the spectrum we have peer-to-peer systems, where we have virtually zero performance as most protocols are just "spam and hope for the best." I saw a p2p implementation of DNS and was constantly asking myself why anybody would do that ever. And I was the teacher. Similarly, we have a spectrum of currency. Not to compare with the autism spectrum which it is, I am sure, entirely unrelated to. At the one end we have central banks which control currencies. They have problems but are fairly efficient at what they do. At the other end we have the asperger dollar with no trust, no performance and spending them is just spam and hope for the best. Best case not being able to spend them but not getting killed being unable to. The requirement for proof of work stems entirely from the wish to have a pure peer-to-peer solution (let's ignore blah-blah about fiat currencies and gold standards for now). Switch to a distributed solution with a web of trust public-key like structure, and you'd remove at least the "everybody needs to know everything at all times" requirement keeping the transactions severely limited, and would make signing transactions actually efficient. Butts could move towards a hierarchical agreement protocol (actually the bitcoin exchanges more or less were this; you'd transfer your butts to the exchange and then do your transactions using even-faker-butts on the exchange until these were converted back to good solid butts (or more like stolen) that you could proceed to be unable to spend). They could move towards quorum-based agreement instead of simple majority. Stop circular jerking over the block-chain (a chain is really just an extreme case of a circle) and use a vector-stamped distributed tree. Distributed agreement is not easy, but very well-studied. The thing is, computer science has so many solutions to many of the problems we see in butts that if they would just stop pretending they are revolutionizing computer science they might actually patch up their system. Kazaa also didn't really work long term - it was technically broken long before lawsuits killed it - and today we have a working p2p protocol, torrents, even though it doesn't really matter because we all download most stuff from a distributed CDN like Akamai/Google/Facebook.
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Mar 11, 2016 00:35
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That's all well and good friend, but have you read Satoshi 3:16 of The Whitepaper written by the man himself? I think you'll find that all that is good and true lies thusly within the kingdom of His blockchain, father and son of the one true protocol, amen.
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Mar 11, 2016 00:52
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That's a very good point. Guess I'll just go invest my life savings in butts and conveniently spend them using a safe procedure with only slightly more steps than the fricking AA 
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Mar 11, 2016 01:04
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Have you ever looked outside and cast your gaze upon the ephemeral silver moon? That's where bitcoin is going soon, friend, so you would be wise to HODL you coins until our Savior returns to us and lifts us all there with his own mighty hands. Meanwhile, we invite you to attend service where you can learn to cast away your doubts and sing praise of His word: http://churchofsatoshi.org/
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Mar 11, 2016 01:16
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This summer I plan to make the holy pilgrimage to the summit of Mt. Gox, myself.
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Mar 11, 2016 04:22
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raditts posted:This summer I plan to make the holy pilgrimage to the summit of Mt. Gox, myself. Like green boots With Bitcoin addresses tattooed to your corpse
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Mar 11, 2016 04:30
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raditts posted:This summer I plan to make the holy pilgrimage to the summit of Mt. Gox, myself. Careful brother! While in winter the mount freezes, come spring the cryptorivers thaw and nerd tears wash down the mountain. This makes the going treacherous, the sodden cardboard as like to swallow and man as hold his weight.
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Mar 11, 2016 04:30
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I know bitcoin isn't real money because no one can roll one up to snort coke.
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Mar 11, 2016 07:37
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NObodiesGeek posted:I know bitcoin isn't real money because no one can roll one up to snort coke. Maybe you can't 
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Mar 11, 2016 08:28
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akulanization posted:Careful brother! While in winter the mount freezes, come spring the cryptorivers thaw and nerd tears wash down the mountain. This makes the going treacherous, the sodden cardboard as like to swallow and man as hold his weight. lol
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Mar 11, 2016 09:13
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quote:The Russian Ministry of Finance has announced an amendment to the country's criminal code which will impose prison sentences of up to seven years for the issuing of Bitcoin or other cryptocurrencies. A government source speaking to Interfax (Russian) said that the maximum prison sentence for individuals found issuing cryptocurrencies would be 2-4 years, and/or up to three years' worth of salary or income, whilst managers of dispensing institutions could face seven years in prison, up to four years of income equivalent in fines, and a lifetime ban from similar posts. Russia announced the ban on Bitcoin or other 'money surrogates' in February of 2014, asserting that cryptocurrencies facilitate money-laundering and other criminal activity.
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Mar 11, 2016 19:35
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We believe in one Coin The Finite in quantity Record of wealth and birth of all that is, seen and unseen.
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Mar 11, 2016 20:13
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What does this do to someone's Internet connection mining coins all the time, especially since comcast is starting to cap data usage?
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Mar 11, 2016 20:25
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NObodiesGeek posted:What does this do to someone's Internet connection mining coins all the time, especially since comcast is starting to cap data usage? Its mainly to redownload the blockchain over and over?
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Mar 11, 2016 20:41
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Tenzarin posted:Its mainly to redownload the blockchain over and over? Which itself is large enough to hit most usage caps.
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Mar 12, 2016 00:20
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bitcoin is stupid but data caps are also stupid
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Mar 12, 2016 00:36
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I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!
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blowfish posted:bitcoin is stupid but data caps are also stupid What are the limits anyway? I live in a modern country with 100Mb connections and no cap at all.
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Mar 12, 2016 01:07
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Data caps exist in places like Australia because they've failed to implement modern internet infrastructure. As an aside, it's hilarious that people think Netflix is going to somehow find customers in those countries. That said, you only need to download the entire blockchain once. After that, each new block is 1 MB, and you only need to upload something when you either confirm a block (first), or are making a bitcoin transaction. So it's not that bandwidth intensive. But that initial download is gigantic: currently 61.5GB.
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Mar 12, 2016 01:15
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If your faith in bitcoin is real then you run 100 bitcoin nodes in your garage, but that's still less than 1 GB per hour
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Mar 12, 2016 01:28
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Leperflesh posted:Data caps exist in places like Australia because they've failed to implement modern internet infrastructure. At least in Australia ISPs make deals with content providers like Netflix, or run their own content servers (like with Steam) to provide unmetered downloads. The smallest plan I could get with my Naked DSL was 1TB anyway, it's not like in the old days where you're paying $100 a month for the privileged of getting 20gb of downloads. At least not in built up areas. It's still pretty bad out in the bush.
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Mar 12, 2016 01:29
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