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Pawn 17 posted:I was just reading about sia and it's some decentralized storage platform that uses crowd-sourced hardware. So you are basically letting unused parts of your drives (and bandwidth) be used by others for storage. And the platform only accepts siacoin as payment. burstcoin fills your disk with nonces, siacoin lets nonces fill your disk
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Feb 8, 2018 13:46
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Solar Tornado posted:When will Tethercoin be a thing and crypto will start being propped up by itself? I'm sure Tether already let it slip at some point that they are backed by "assets including cryptocurrencies"
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Feb 8, 2018 13:50
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tankadillo posted:I’m just curious: assuming that all of the world’s wealth was transferred into bitcoin like true believers say it will, has anyone done the math to estimate how much a bitcoin would be worth? e: Also this value would constantly increase since no more currency can be created. Spatial fucked around with this message at 15:37 on Feb 8, 2018 |
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Feb 8, 2018 13:56
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Even if blockchain tech does have a legitimate use case it will be in fairly niche applications not at all worth this level of interest and investment. There is no way that most people justifying there enthusiasm with reference to filing systems are genuine, rather than trying to hide the fact that they are consumed with greed.
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Feb 8, 2018 14:01
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Moon Atari posted:Even if blockchain tech does have a legitimate use case it will be in fairly niche applications not at all worth this level of interest and investment. There is no way that most people justifying there enthusiasm with reference to filing systems are genuine, rather than trying to hide the fact that they are consumed with greed. nah, ignore the hypothetical, no need to posit the philosophical possibility of non-useless blockchains here is the end of my summary of yesterday's Kodak report: quote:If I have one qualm, it’s the statement at the start: blockchains turn out to be useless BS
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Feb 8, 2018 14:07
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Alpha Mayo posted:Banks HATE him! Banks HATE him! This one crazy trick turned a house into a Lamborghini into $115!
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Feb 8, 2018 14:15
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ECB raises its head. Bullish!!
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Feb 8, 2018 14:16
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Moon Atari posted:Even if blockchain tech does have a legitimate use case it will be in fairly niche applications not at all worth this level of interest and investment. There is no way that most people justifying there enthusiasm with reference to filing systems are genuine, rather than trying to hide the fact that they are consumed with greed. Blockchains really don't do anything that can't be better done with another database solution. It's not even the 'innovative' aspect of Bitcoin (tying rewards with PoW in an attempt to solve double-spend problem was innovative for its time), I don't know where the blockchain hype came from. If was something revolutionary you would have heard about it in 2009.
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Feb 8, 2018 14:17
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It's been like nine years since blockchains were invented and still their main and pretty much only use is a distributed computing project that uses the power of an entire country to handle transactions that could be processed by one cheap server. If it wasn't crap someone would be doing something useful with it by now; they aren't.
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Feb 8, 2018 14:35
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 MAKE OR BREAK COMING UP  WILL IT BREAK THE GOLDEN LINE AND BITCOIN TO THE MOON? OR SHALL IT BREAK THE GREEN AND PLUMMET TO ITS DOOM?
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Feb 8, 2018 14:36
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Not enough triangle analysis.
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Feb 8, 2018 14:44
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 REST IN PEACE BITCOIN 
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Feb 8, 2018 15:09
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Alpha Mayo posted:I don't know where the blockchain hype came from. If was something revolutionary you would have heard about it in 2009. This serves two purposes that are mutually reinforcing: conning venture capitalists so people can live the startup dream by selling them nice fairytales about the future where they own everything, and pumping the price of cryptocurrencies to drive up their holdings and draw in more bag holders from the general public. The technology is irrelevant. It doesn't matter how it works or whether it does at all. The message is this: the success of Bitcoin can be replicated and we're doing it; invest in us and you can be there from the beginning this time around.
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Feb 8, 2018 15:24
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blockchain always makes me imagine human centipede for some reaosn
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Feb 8, 2018 15:25
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Were goons wrong about crypto? I hear butt coins making people rich
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Feb 8, 2018 15:36
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Alpha Mayo posted:blockchain always makes me imagine human centipede for some reaosn
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Feb 8, 2018 15:47
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Moola posted:Were goons wrong about crypto? OH goons were deffo wrong and I've just invested half a million dollars into bitcoin by "buying the deep" as we investors say.
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Feb 8, 2018 15:47
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Moola posted:Were goons wrong about crypto? Which goons? They make people stupid or highlight their rear end in a top hat tendencies. Not sure about making anyone rich, though. I mean, I have a checkbook, I could write a check for a billion dollars. Doesn't mean I am really rich.
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Feb 8, 2018 15:48
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There's a reason they are called "Bitcoin Millionaires" and not "Millionaires" For the same reason I can be called a Monopoly Millionaire and not a Millionaire.
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Feb 8, 2018 16:12
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how do i become Bitcoin Rich?
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Feb 8, 2018 16:24
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U r lucky.. This dip is like you've been given a time machine back a few months, to give you the chance to load up now and hodl
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Feb 8, 2018 16:28
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Moola posted:how do i become Bitcoin Rich? Start by being actually rich. But if you want to become crypto rich, that is a lot easier. Create a new cryptocurrency and give yourself ten billion of them. Have your friend buy one coin for a dollar. Boom, you are now a multibillionaire.
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Feb 8, 2018 16:33
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i bought the dip and all it gave me was mouth cancer
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Feb 8, 2018 16:37
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Baronash posted:Start by being actually rich. would you like to invest in Bonecoin?
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Feb 8, 2018 16:43
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Moola posted:how do i become Bit...ch?
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Feb 8, 2018 16:44
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holy poo poo
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Feb 8, 2018 16:49
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Gonna start a cryptocurrency called Clowncoin for fellow clowns. And because it's fit for clowns. To use at the circus. Don't you want to invest in my coin? https://www.youtube.com/watch?v=IIytjqMwhWk BrutalistMcDonalds fucked around with this message at 16:54 on Feb 8, 2018 |
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Feb 8, 2018 16:52
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ICP ICO
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Feb 8, 2018 16:56
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Alpha Mayo posted:ICP ICO 
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Feb 8, 2018 17:01
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quote:bit...ch 
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Feb 8, 2018 17:02
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code:
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Feb 8, 2018 17:07
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Alpha Mayo posted:ICP ICO What's the conversion rate on Milenkos to USD?
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Feb 8, 2018 17:12
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Vargatron posted:What's the conversion rate on Milenkos to USD? 3 magnets to one tether
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Feb 8, 2018 17:14
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stab posted:3 magnets to one tether Ah the common thread here is that nobody knows how either one of them works.
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Feb 8, 2018 17:19
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lazorexplosion posted:It's been like nine years since blockchains were invented and still their main and pretty much only use is a distributed computing project that uses the power of an entire country to handle transactions that could be processed by one cheap server.
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Feb 8, 2018 18:00
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It's incredibly rational, we're an impoverished nation drowning in personal debt and it's a get rich quick scheme
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Feb 8, 2018 18:13
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Ethereum was supposed to be the coin that actually had real life uses with their smart contracts. The bitcoin killer! And after 3 years there is still 0 real world use cases for it. It's only use and purpose right now is distributing other scamcoin ICOs - so it's all just internal poop shoveling economy. In crypto land, the most successful crypto scams are ones that make it easier to run other crypto scams. Even drug dealers and criminals have all moved onto Monero from Bitcoin too. Bitcoin is currently only used to buy other scamcoins on exchanges, again no one uses it for any useful transactions in the real world. Rad Russian fucked around with this message at 18:21 on Feb 8, 2018 |
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Feb 8, 2018 18:17
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Vargatron posted:Ah the common thread here is that nobody knows how either one of them works. 
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Feb 8, 2018 18:33
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https://twitter.com/binance_2017/status/961587311648501760 While checking to see if this hurt their standings as the top exchange I noticed that OKEx is apparently the #1 exchange now because they have apparently traded more than a billion dollars of Bitcoin Cash in the past 24 hours. It makes up most of their trade volume and is the exchange with the majority of bitcoin cash's entire trade volume. That seems weird to me. It's also risen 30% in value in the past 8 hours. VictorianQueerLit fucked around with this message at 19:03 on Feb 8, 2018 |
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Feb 8, 2018 18:59
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Since I recently saw an email from my CIO talking about "exploring blockchain technology" I figured I'd better understand it a bit more, so I just spent far too long watching videos of smarmy nerds trying to espouse the virtues of the blockchain (they all seem to have the same talking points which is creepy and very suspect). Is there anyone in this thread that actually understands it beyond the powerpoint talking points? My only real question is how the hell a blockchain is supposed to scale with any real world application that has large volumes? What happens when you have 100 million transactions a day? Doesn't the whole idea of a blockchain break down?
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Feb 8, 2018 18:59
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