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XK posted:I get what people are doing with LTC. I still don't understand what ETH is for. Trading cats
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Dec 12, 2017 21:26
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 404: Your money could not be found. (3 Stooges noises)
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Dec 12, 2017 21:27
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ETH: Let me run code on everyone else's computer, and also that code controls my money.
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Dec 12, 2017 21:47
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punk rebel ecks posted:So I can I cash out bitcoins for U.S. Dollars or trade them for something I can sell for U.S. Dollars? If it's on an exchange, well: https://www.reuters.com/article/us-bitcoin-exchange/cryptocurrency-exchanges-coinbase-bitfinex-down-idUSKBN1E620E quote:Wallet-provider Coinbase’s website showed “service unavailable” early on Tuesday U.S. time, flashing a message that said it was down for maintenance. Its exchange gdax.com was still quoting prices, although it also said it was experiencing a “minor service outage”.
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Dec 12, 2017 21:49
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I had some change leftover from my Litecoin so put it into Ripple, even though the premise of that coin sounds the most stupid. Already up 30% on that too.  I like this buttcoin game 5/5 would play again
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Dec 12, 2017 22:16
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Nessus posted:Maybe a little? Or if you hold the butts directly you could sell them directly, though the transaction might take days to confirm. Does everyone logging on at once to try and cash out count as DDoS attack??
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Dec 12, 2017 22:36
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Raldikuk posted:Does everyone logging on at once to try and cash out count as DDoS attack??
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Dec 12, 2017 22:39
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ETH is actually the one closest to having a legitimate purpose. I mean, it fails in every way, but it's the closest in theory. Basically Bitcoin uses the blockchain to verify transactions, ETH uses it to run programming functions and verify them so if it wasn't utterly terrible it might be useful.
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Dec 12, 2017 22:43
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a hot gujju bhabhi posted:ETH is actually the one closest to having a legitimate purpose. I mean, it fails in every way, but it's the closest in theory. Basically Bitcoin uses the blockchain to verify transactions, ETH uses it to run programming functions and verify them so if it wasn't utterly terrible it might be useful. except so far it can't do anything interesting without an external trusted centralised source of data to trigger the programs, at which point why expose the risks of irreversible fuckups in experimental code honest question
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Dec 12, 2017 22:49
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a hot gujju bhabhi posted:ETH is actually the one closest to having a legitimate purpose. I mean, it fails in every way, but it's the closest in theory. Basically Bitcoin uses the blockchain to verify transactions, ETH uses it to run programming functions and verify them so if it wasn't utterly terrible it might be useful. What does ETH do? I know it does contracts and calculations. But, what has it ever done of any value whatsoever, outside of getting stolen?
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Dec 12, 2017 22:53
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XK posted:What does ETH do? I know it does contracts and calculations. But, what has it ever done of any value whatsoever, outside of getting stolen?
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Dec 12, 2017 23:02
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XK posted:What does ETH do? I know it does contracts and calculations. But, what has it ever done of any value whatsoever, outside of getting stolen? it's enabling "initial coin offerings" by easily producing "premined" tokens which is fueling a new funding method remarkably similar to an IPO for startups that don't exist yet but totally promise you some cool future poo poo like flying cars https://mcfly.aero/token/
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Dec 12, 2017 23:03
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Why would anyone want calculations done on an anonymous distributed network, where the calculation needs to be performed multiple countless times to ensure nobody is cheating? Even if the environment were perfect and infallible, and the program you wrote was impossibly flawless, why? I get ETH less than any of the other cryptos. I'm talking about legit reasons. Not schemes or cons.
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Dec 12, 2017 23:12
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XK posted:Why would anyone want calculations done on an anonymous distributed network, where the calculation needs to be performed multiple countless times to ensure nobody is cheating? Even if the environment were perfect and infallible, and the program you wrote was impossibly flawless, why?
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Dec 12, 2017 23:13
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XK posted:Why would anyone want calculations done on an anonymous distributed network, where the calculation needs to be performed multiple countless times to ensure nobody is cheating? Even if the environment were perfect and infallible, and the program you wrote was impossibly flawless, why? it's shiney computer magic
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Dec 12, 2017 23:13
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Stay poor nocoiners.
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Dec 12, 2017 23:14
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Bitcoin is so stagnant now. I think it may have hit its limit since the floor to get into it is now too high and you can make way bigger gains on altcoins.
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Dec 12, 2017 23:23
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Fanatic posted:Bitcoin is so stagnant now. I think it may have hit its limit since the floor to get into it is now too high and you can make way bigger gains on altcoins. Its up $764 in the past 24 hours. Lol stagnant.
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Dec 12, 2017 23:28
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Remember that DDOS of MasterCard and visa that happened on the same day?
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Dec 12, 2017 23:34
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AARO posted:Stay poor nocoiners.
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Dec 12, 2017 23:38
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AARO posted:Stay poor nocoiners. you sound like a grumpy heroin addict but with bitcoins
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Dec 12, 2017 23:43
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AARO posted:Its up $764 in the past 24 hours. Lol stagnant. That's still like <1% isn't it? 
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Dec 12, 2017 23:47
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Fanatic posted:That's still like only .5% Oh im sorry...I didnt know you failed middle school math.
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Dec 12, 2017 23:49
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AARO posted:Oh im sorry...I didnt know you failed middle school math.
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Dec 12, 2017 23:52
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Hoodwinker posted:You changed that quote from saying <2% to 0.5% so I wouldn't exactly be calling any kettles black here. Becuase thats what he originally wrote before he changed his post 3 times.
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Dec 12, 2017 23:54
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AARO posted:Becuase thats what he originally wrote before he changed his post 3 times.
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Dec 12, 2017 23:57
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AARO posted:Stay poor nocoiners. Man, bitcoin winners just get so upset at the losers. I wonder why.
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Dec 12, 2017 23:58
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Hoodwinker posted:That's funny because I saw your post update twice and his none times. You have a strange sense of humor. Do you think im lying? I saw his change it from .5% to <2% to <1%.
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Dec 12, 2017 23:59
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To be honest with you I'm surprised it hasn't leapt up real high again but I guess maybe there just isn't a ton of hunger for the drat things. Now the real question is, which exchange will turn out to have been completely fake, as opposed to kind of fake?
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Dec 12, 2017 23:59
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AARO posted:You have a strange sense of humor.
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Dec 13, 2017 00:00
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My brain hasn't had caffeine yet is my excuse.  Anyways my bold prediction: litecoin to pass ethereum next week.
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Dec 13, 2017 00:01
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Hoodwinker posted:If only we had our posts on the blockchain we could validate the ledger of your bad posting. If only I couldnt gently caress your mother for her going rate of $75 I wouldnt have aids. (USER WAS PUT ON PROBATION FOR THIS POST)
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Dec 13, 2017 00:02
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Fanatic posted:Anyways my bold prediction: litecoin to pass ethereum next week. Rocket race. I wonder if the noobs understand you can buy down to 0.01 BTC.
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Dec 13, 2017 00:07
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wide stance posted:Rocket race. Surely a worthwhile purchase with $20 transaction fees. Like, bitcoin is such a non-functional system that your purchase of .01 BTC would have to increase by a full 25% before you would see any positive return whatsoever. That doesn't even include any fee your exchange chooses to tack on. AARO posted:If only I couldnt gently caress your mother for her going rate of $75 I wouldnt have aids. SA's chief bitcoin investment analyst, everyone. Baronash fucked around with this message at 00:14 on Dec 13, 2017 |
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Dec 13, 2017 00:11
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XK posted:Why would anyone want calculations done on an anonymous distributed network, where the calculation needs to be performed multiple countless times to ensure nobody is cheating? Even if the environment were perfect and infallible, and the program you wrote was impossibly flawless, why? One reason might be escrow without trusted third parties. Another might be your software continuing to run after your arrest.
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Dec 13, 2017 00:17
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Triglav posted:One reason might be escrow without trusted third parties. Except that wouldn't work, because you would still have to use a oracle to push data onto the chain in order to meet the conditions of your smart contract. This oracle is managed by, you guessed it, a trusted third party. That also ignores that smart contracts only work with Ethereum funbucks, meaning the value of the funds you tossed into escrow could have crashed in the meantime. Triglav posted:Another might be your software continuing to run after your arrest. Smart contracts are not capable of being "software" in the way we generally use that term.
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Dec 13, 2017 00:25
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Nessus posted:Maybe a little? Or if you hold the butts directly you could sell them directly, though the transaction might take days to confirm. How do I sell them directly? And to who?
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Dec 13, 2017 00:27
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punk rebel ecks posted:How do I sell them directly? And to who? text them to your friends
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Dec 13, 2017 00:31
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punk rebel ecks posted:How do I sell them directly? And to who? Well, if it's anything like selling Legendaries on Diablo 2's closed servers......
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Dec 13, 2017 00:37
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AARO posted:If only I couldnt gently caress your mother for her going rate of $75 I wouldnt have aids. Is the added thrill of paying hookers in bitcoin not knowing whether at the end you'll owe her a fifty or five grand?
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Dec 13, 2017 00:39
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