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Anybody interested in investing in my new cryptocurrency? Haven’t decided on the name yet. Thinking BitDollar or BitYen. It’s gonna be a unique blockchain technology. Basically you can earn it by watching my YouTube channel, liking, and subscribing. 10 units will be distributed for every $100 ad dollars I earn.
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# ? Jan 13, 2018 07:24 |
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# ? May 29, 2024 20:15 |
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Slightly Absurd fucked around with this message at 13:08 on Jan 13, 2018 |
# ? Jan 13, 2018 07:26 |
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Slightly Absurd fucked around with this message at 13:08 on Jan 13, 2018 |
# ? Jan 13, 2018 07:27 |
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Slightly Absurd fucked around with this message at 13:08 on Jan 13, 2018 |
# ? Jan 13, 2018 07:28 |
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I still can't get over the fact that transaction fees for using Bitcoin can be upwards of $50 USD per transaction. Like holy gently caress you're better off day trading!
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# ? Jan 13, 2018 08:26 |
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french lies posted:I know what you are trying to get at here but it’s not really correct, or it betrays a very superficial understanding of what the crypto space has grown into. There is something called coin/token economics that act as support for the underlying value (ostensibly, how it pans out in the long term is anyone’s guess). They basically figure out ways the token can hold value. Examples of this is the coin/token giving influence or the rights to services on the network. Ethereum is shifting to a proof of stake model where network participants can stake part of their holdings to get a dividend of ether, in order to validate transactions without resource-intensive proof-of-work operations. french lies posted:It’s extremely efficient and also “trustless”. Let’s say you want to pay for something. The smart contract could in theory ensure that the funds are not released until some criterion is fulfilled, in such a way that you for example avoid the seller running off with your funds. This system avoids exposing you to the risk of trusting a third-party to mediate between you. ^^^ The writing of someone who has learned enough to buy into the hype, but hasn't learned enough to understand that the hype is pure bullshit meant to draw in bag holders Like in what world is a $40 transaction fee plus another hidden $40 electricity cost subsidized by the creation of new bitcoins considered efficient?
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# ? Jan 13, 2018 08:39 |
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Is it immoral to buy and sell bitcoin?
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# ? Jan 13, 2018 09:32 |
Waltzing Along posted:Is it immoral to buy and sell bitcoin?
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# ? Jan 13, 2018 09:57 |
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Do smart contracts offer any kind of advantage for businesses over, say, a dynamic purchasing system to establish a contract framework? DPS is pretty common in the public sector and as far as I can tell offers all the benefits of smart contracts with the added bonus of not having to gently caress around with blockchain.
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# ? Jan 13, 2018 10:41 |
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QuarkJets posted:^^^ The writing of someone who has learned enough to buy into the hype, but hasn't learned enough to understand that the hype is pure bullshit meant to draw in bag holders But think of all the real-world applications that have popped up in the past 9 years! Life is so much better because of blockchain! Look at all the
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# ? Jan 13, 2018 10:44 |
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Waltzing Along posted:Is it immoral to buy and sell bitcoin? I genuinely believe so.
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# ? Jan 13, 2018 10:48 |
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shart contracts
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# ? Jan 13, 2018 11:52 |
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Moon Atari posted:I genuinely believe so. Buying it is not immoral. I mean, you’re the one getting screwed in that transaction. Selling it, while also knowing that the person you’re selling to is a greater fool is pretty much the definition of moral bankruptcy.
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# ? Jan 13, 2018 12:13 |
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Bitcoin is broken, I think we can all agree on that. If a broken Bitcoin is worth $14,000, how much will it be worth after they fix it?
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# ? Jan 13, 2018 13:20 |
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instead of buying bitcoins i just play those dumb idle incremental games that are all over the internet. you still get to watch numbers go up and waste energy so it’s nearly as good. In fact it’s better because the numbers only go down if you want them to, instead of randomly and without notice
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# ? Jan 13, 2018 14:06 |
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100 HOGS AGREE posted:instead of buying bitcoins i just play those dumb idle incremental games that are all over the internet. you still get to watch numbers go up and waste energy so it’s nearly as good. 101 hogs agree
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# ? Jan 13, 2018 14:20 |
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bobfather posted:Buying it is not immoral. Actually it is because you're actively, heavily contributing to climate change and energy scarcity for internet pogs.
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# ? Jan 13, 2018 15:28 |
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french lies posted:If a manager can use smart contracts to save on cost he/she will be increasing the net income of the company and thereby the amount of money that can be paid out to shareholders in the form of dividends or buybacks. Most managers are incentivized through their compensation plan to maximize shareholder value, and therefore reducing costs is a problem to them which smart contracts can plausibly help solve. This is the clearest example yet of you not understanding how small companies work, let alone large institutions. You are not a lot different than a green fresh out of college Salesforce sales associate.
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# ? Jan 13, 2018 15:30 |
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Pochoclo posted:Actually it is because you're actively, heavily contributing to climate change and energy scarcity for internet pogs. can you certify that this post is carbon neutral
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# ? Jan 13, 2018 15:35 |
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Let's review the last several pages. thread: lol bitcoin french lies: haha guys yeah! But the technology is revolutionary, I could see it slowing down from 100x growth to 10x growth but it's going up up uP! thread: whose gonna use this poo poo french lies: institutions! Like, institutional institutions. Smart contracts. thread: ok so who's using these things? how can it be valued so high when nobody is using them french lies: well a manager should use them to improve shareholder value. 10x in 2018!
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# ? Jan 13, 2018 15:45 |
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bobfather posted:Buying it is not immoral. I mean, you’re the one getting screwed in that transaction. That's what I was getting at. I finally decided on the buttcoin mode of thought when I realized how lovely the whole game is.
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# ? Jan 13, 2018 15:56 |
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Moxxis Endowment posted:Bitcoin is broken, I think we can all agree on that. If a broken Bitcoin is worth $14,000, how much will it be worth after they fix it? Is RailBlocks a fix?
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# ? Jan 13, 2018 15:58 |
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bobfather posted:Buying it is not immoral. I mean, youre the one getting screwed in that transaction. Is playing poker for real money immoral? How about betting on sports? How about betting on sports in an office pool where you're the only one who pays attention to the games?
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# ? Jan 13, 2018 17:12 |
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Adar posted:Is playing poker for real money immoral? Do any of these require more electricity than a person would reasonably use in a year and/or help launder money for child pornographers?
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# ? Jan 13, 2018 17:15 |
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is playing poker for real money more moral than working 80 hours a week to support a couple kids by yourself?
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# ? Jan 13, 2018 17:18 |
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What do the processes running on my gfx card that make a bitcoin exist actually do? Is that information being processed for something? Could it be used to fold proteins instead while generating cryptocurrency?Adar posted:Is playing poker for real money immoral? Bourgeoisie marks only please, comrade. Harold Fjord fucked around with this message at 18:30 on Jan 13, 2018 |
# ? Jan 13, 2018 18:27 |
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Nevvy Z posted:What do the processes running on my gfx card that make a bitcoin exist actually do? Is that information being processed for something? Could it be used to fold proteins instead while generating cryptocurrency? Basically brute-force calculate SHA-256 until a hash comes out that has a certain minimum number of zeros in front. It only serves to prove that you spent a lot of time calculating useless hashes. No that information cannot be used for anything as it is. But if you'd put your whizbang hashing computer on the folding@home network or something like that then it'd actually be useful because gfx cards are good at floating-point operations which is what you need for protein folding Pochoclo fucked around with this message at 19:12 on Jan 13, 2018 |
# ? Jan 13, 2018 19:05 |
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Pochoclo posted:Basically brute-force calculate SHA-256 until a hash comes out that has a certain minimum number of zeros in front. Solving cancer? Sheeeeit, what am I gonna do with that
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# ? Jan 13, 2018 19:24 |
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Andy Dufresne posted:I'm really not trying to be an rear end and big-time you, but you say "5% of what you own" like that's not a significant amount of money. For someone in their 30s who has been saving appropriately that's $10k+, for someone near retirement that's closer to $100k. You think 5% of most people's savings near retirement is 100k? Most Americans only have $100,000 saved by retirement.
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# ? Jan 13, 2018 19:26 |
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Party Boat posted:Do smart contracts offer any kind of advantage for businesses over, say, a dynamic purchasing system to establish a contract framework? DPS is pretty common in the public sector and as far as I can tell offers all the benefits of smart contracts with the added bonus of not having to gently caress around with blockchain. Notice how it doesn't touch a publicly owned blockchain.
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# ? Jan 13, 2018 19:28 |
zedprime posted:In reality the use case for stuff like this is dropping the DPS ledger into a merkle tree that allows privileged access to transaction data depending on your held credentials. The difference from traditional credential systems being its theoretically easier to trust the software so that a seller or a legal entity knows they aren't getting the wool pulled over their eyes because the contracting authority owns the hardware and can control the software. Basically if its going to have value its in being able to convince your outside participants (sellers, auditors, etc.) of the ACID of your ledger while still securing it to standards required by law and internal policy.
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# ? Jan 13, 2018 21:20 |
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Pochoclo posted:Basically brute-force calculate SHA-256 until a hash comes out that has a certain minimum number of zeros in front. How much can I get for a CancerCoin?
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# ? Jan 13, 2018 21:56 |
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100 HOGS AGREE posted:instead of buying bitcoins i just play those dumb idle incremental games that are all over the internet. you still get to watch numbers go up and waste energy so it’s nearly as good. Universal Paperclips, right,, but on the blockchain,,,
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# ? Jan 13, 2018 21:56 |
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divabot posted:Universal Paperclips, right,, but on the blockchain,,,
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# ? Jan 13, 2018 22:06 |
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cockchain
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# ? Jan 13, 2018 22:18 |
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A recent poll shows that nearly one-fifth of all Bitcoin buyers are using credit cards to fund their investments, likely paying hefty fees for the privilege. A large portion of those buyers then carry the balance instead of paying their cards off, implying that they’re highly leveraged – but confident that their investments will grow in value. http://fortune.com/2018/01/13/credit-cards-to-buy-bitcoin/ Of those, 22.13% did not pay off their credit card balances. Nearly 90% of those planned to pay off the balances by selling their Bitcoin investments, implying a firm faith that the cryptocurrency’s price would continue rising. smart.
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# ? Jan 13, 2018 22:20 |
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Ccs posted:You think 5% of most people's savings near retirement is 100k? Most Americans only have $100,000 saved by retirement. Are you trying to make a point?
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# ? Jan 13, 2018 22:59 |
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100 HOGS AGREE posted:instead of buying bitcoins i just play those dumb idle incremental games that are all over the internet. you still get to watch numbers go up and waste energy so it’s nearly as good. If a bunch of these aren't backdoor Bitcoin miners for the developers, I would be disappointed.
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# ? Jan 13, 2018 23:14 |
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Lime Tonics posted:A recent poll shows that nearly one-fifth of all Bitcoin buyers are using credit cards to fund their investments, likely paying hefty fees for the privilege. A large portion of those buyers then carry the balance instead of paying their cards off, implying that they’re highly leveraged – but confident that their investments will grow in value. Are the remaining 10% planning to hold their CC balances indefinitely, eventually declaring bankruptcy and trying to hide their bitcoins from debt collectors? I wonder if the industry has already prepared for this
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# ? Jan 14, 2018 00:34 |
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# ? May 29, 2024 20:15 |
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meat police posted:How much can I get for a CancerCoin? Maybe your life someday
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# ? Jan 14, 2018 00:41 |