I would blow Dane Cook posted:

COMRADES posted:

I hate this poo poo so bad. It directly represents stupid capital directing resources towards useless fake poo poo to make number go up.

And it helps enable child porn I know I sound like a bit of a broken record but I just kind of want to keep rubbing that in crypto people's faces.

klafbang posted:

The bitcoin claim is "solves the unsolved Byzantine generals problem." My claim is "solved the Byzantine generals problem in a particular case."

ArbitraryC posted:

Currency used for illegal things? Well I never.

ghosTTy posted:

100% o my net worth is in alt coins

klafbang posted:

While you're right this has nothing to do with cryptography, the italicized part is very incorrect. It's there to solve the Byzantine generals problem: it's to reach consensus even in the case of dishonest players. You don't need wall-clock time for events to propagate in a trusted or structured distributed environment (see Lamport timestamps or vector clocks for two relatively simple way to achieve (eventual) distributed concensus).

If we only relied on cryptography to sign transactions, I could double-spend. If I send 10000 butts to A in exchange for a pizza, and later the butt goes to the moon and I regret, without proof of work (or trust in a third party), there's nothing preventing me from making my own copy of the blockchain without that transaction. I just need to make it 1 block longer than the currently longest chain and start disseminating it on the network. The protocol would mean the network takes over my new longer chain where I still own 10000 butts I can trade on Magic the Gatering Online Exchange.

With proof of work, I can in principle try this, but I would (probabilistically) never succeed. If I own, say, 1/1000 of the hashing power of the network, I would have 1 in 1000 chances for mining a block before the rest of the network. Not great odds, but enough that it would happen daily because there are so many merchants accepting my currency of the future. If my transaction is 6 blocks behind the head of the network, I would need to be so lucky 6 times in a row. Now I only have (1/1000)^6 chance of cheating the network; that's one in 10^18. If A, therefore, waits until they have seen 6 new blocks mined after my transaction before handing me my pizza sandwich with pineapple, they can be very certain I cannot take back my money.

This is still entirely unnecessary if we just have an independent third party who never lies about whether butts have been used before (or distributed consensus protocol), but in bitcoinland nobody trusts anybody and everybody is happier for it.

ghosTTy posted:

100% o my net worth is in alt coins

Fallows posted:

sorry yo ur broke

COMRADES posted:

Yeah there's currency and there's Internet coins designed to skirt every kind of financial and law enforcement tools there are.

LethalGeek posted:

I am again flabbergasted that someone can look at "technical analysis" for more than 7s and not figure out its utter wishful thinking bullshit. But you put the right name on something and dumb people will buy it I guess.

DiscoStuChart.jpg is literally the Simpsons making fun of the same logic decades ago.

quote:

Millerb7 {UTC -5} - Yesterday at 12:20 PM
With the bullish convergence going on right now, soon as this 4h Renko pops the Tenkan, I'm really liking the uptrend.
Jeroen | CryptoJC - Yesterday at 6:21 PM
LINK BTC is forming a cup and handle (blue lines) within the handle following a larger multi month cup (yellow lines): Cupception!
MACD crossover and momentum with SXSW conference March 14 and March 31 release of GO ChainLink.
Jeroen | CryptoJC - Today at 6:29 AM
CAPP - BTC trend is pinching and testing the strong 1000 satoshi resistance for a break or bounce. New bullish momentum could be initiated after a successful upward break in combination with the many active developments and news.
Jeroen | CryptoJC - Today at 2:31 PM
LTC / BTC on its way to complete the cup and handle , a bullish continuation pattern. An imminent handle bounce (or break down) is expected at the orange or red dashed trend line . MACD and RSI are reversing, looking good. Make sure you enter only after the bounce up confirmation or after it breaks above the cup's height. Keep monitoring the resistance lines, especially at the right hand side cup edge peak.

VictorianQueerLit posted:

Some of these people are becoming "authorities" with social media followings because they talk the most poo poo. The one guy that uses japanese trading terminology to be a hipster sits and teaches dozens of people at a time how to analyze the markets.

quote:

Im looking for a bento box, it cant be pinku (thats japanese for pink) or any girl color. It has to be of 2 or more kotoba (thats japanese for 2 compartments) and has be be chibi (small) sized. And has to be really kawaii (cute). Also It has to be about 10-20 bux. And you have to post pics of it first (i want to make shure it's kawaii [cute]). And it would be nice if it came with matching chopstick holder (WITH chopsticks). OH! and it CANNOT have any cartoon pictures, or be made out of plastic. It has to be made of ceramic, or something like that. Also it would be nice if it was made in japan. and not in china or corea (korea) or whatever. I have found a bento box similar to the one im describing in e-bay, but it was 1 kotoba, and i dont want my gohan (rice) to touch my other things (it can get wet and i would not like that, plus 2 compartments looks more kawaii)

VictorianQueerLit posted:

The terms being real have nothing to do with anything. Literally one guy out of the hundreds of people i've seen doing TA uses japanese terminology and he uses it in such a way that it's obvious he is being a hipster doing it.

Have you never seen this?


Yes those are the technically correct terms for things. The context is completely different.

ghosTTy posted:

ghosTTy posted:

VictorianQueerLit posted:

Some of these people are becoming "authorities" with social media followings because they talk the most poo poo. The one guy that uses japanese trading terminology to be a hipster sits and teaches dozens of people at a time how to analyze the markets.

Comfy Fleece Sweater posted:

Listen

Bitcoin is great

It’s just really really great, believe me I know, it’s the best, possibly ever, you can’t beat it! You just can’t! The Chinese couldn’t beat it, the Russians want it, and Circle wants it, what else can you say? You can’t beat the Bitcoin. You gotta buy the Bitcoin, that’s a great deal!

Elias_Maluco posted:

Can someone explain to me how bitcoiin (bitcoin 2nd generation) is supposed to be better than regular bitcoins? Ive tried reading the website and couldnt make much sense of it

QuarkJets posted:

And that's really what it's been about all along. All of these libertarian types talk a big game about banking for the unbanked and economic justice, but what it really comes down to is they're upset that they're not the ones who are rich, and that's all there is to it

ghosTTy posted:

nocoiners

Devian666 posted:

He does have hearing protection on; he's pulled his beanie over his ears. Similar to Chinese welding protection where I've seen people use cling film to protect themselves from the UV light.

ghosTTy posted:

nocoiners

Sashimi posted:

Suburban Toronto man will only accept crypto as payment for his >$400,000 condo.

Sashimi posted:

Suburban Toronto man will only accept crypto as payment for his >$400,000 condo.

a cyberpunk goose posted:

To me I guess the difference here is semantic. if the network could add fuckloads of blocks and transactions at any point from any node at any time there would be a lot of awkward races->retroactive roll backs as impossible double spends or conflicting states are rejected, the state of the ledger would be jittery, even at the current speed it takes significant time for your transaction to have enough confirmations to be considered unlikely-to-be-rolled-back.

The network can’t go tons faster at the moment without introducing a lot of weirdness, and it’s already weird and lovely to use to begin with— to me that feels like proof of work being a 2 in one rate limiter for both network consensus and bad-actor behavior.

Can you help me on this?

Dead Like Rev posted:

Cannot wait for the headline of "homeless Toronto man has crypto but no home"

Sneaky Wombat posted:

The true crime of bitcoin is that I can't look at 4k 3D modeled boobs on my PC, since I can't afford it now. Unless you can trade bitcoin for video cards

ilmucche posted:

I saw that story, apparently the prices changes each day with the change in value of bitcoin relative to CAD. A true believer would set the price in bitcoin and not worry about it changing because they don't need to tie their currency to useless fiat.

quote:

To prove his point, Shrosbree listed his two-bedroom Mississauga, Ont., condo for sale for 35 Bitcoin, which at the time of writing this article would value the home at about $450,000.