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Risc1911
Mar 1, 2016

https://twitter.com/Tr0llyTr0llFace/status/996134548042903553

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Risc1911
Mar 1, 2016

Uranium 235
Oct 12, 2004

Adar posted:

Ethereum's upcoming PoS transition will (either fail spectacularly or) mitigate most of this because it's the only coin actually used IRL to transact anything.

https://bitinfocharts.com/cryptocurrency-charts.html

The average Bitcoin payment is $46,000, while Ethereum is used 4x as much and rising (also there's a bunch of Ripple spam for some reason but who knows what Ripple does or why). Ethereum's payment distribution is likely insanely bimodal due to ICOs and sending tokens around (which counts as $0), while Bitcoin basically doesn't have small payments anymore and hasn't for a year. All other coins have never been observed to exist in the wild and can only be viewed in their natural habitat, exchange wallets.

This is not to say that Bitcoin won't continue to waste insane amounts of electricity, but its waste is largely independent of transaction processing because Bitcoin doesn't process transactions. It's failed in a much more fundamental way than mere carbon exhaust.
making any money from the sports gambling law change?

jimmyjams
Jan 10, 2001


King Kong of Megadongs
Gobblin' them mega schlongs
Makin' sure they mega long
Stroke' 'em if they mega strong

has anyone made lambocoin yet. each coin backed by one lambo

jimmyjams
Jan 10, 2001


King Kong of Megadongs
Gobblin' them mega schlongs
Makin' sure they mega long
Stroke' 'em if they mega strong
*lambocoin has no obligation to redeem ur lambocoin for actual lambos

divabot
Jun 17, 2015

A polite little mouse!

jimmyjams posted:

has anyone made lambocoin yet. each coin backed by one lambo

rule 21 million there is no joke you can make in crypto

http://www.lambocoin.io/

Adar
Jul 27, 2001

Uranium 235 posted:

making any money from the sports gambling law change?

Not directly, but a startup I'm peripherally involved with will probably benefit in the long run once states start legalizing.

Once you live in the UK long enough you realize how stupid the puritanical gambling culture in the US really is.

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

Gambling... an easy way to part fools With their money... Instead of investing in crypto... smh

Adar
Jul 27, 2001

divabot posted:

rule 21 million there is no joke you can make in crypto

http://www.lambocoin.io/

Looking at their contract reveals that they've gotten 24 ETH, i.e. $18k, for their joke page. That is not the stupid part.

22 of the 24 ETH came from a single $16K donation. That is also not the stupid part.

The wallet that made that donation tossed money into two dozen mostly awful ICOs...and EOS. It now holds 1.5 million dollars worth of EOS.

AARP LARPer
Feb 19, 2005

THE DARK SIDE OF SCIENCE BREEDS A WEAPON OF WAR

Buglord
guys, i have some shocking -- shocking -- news you're not gonna believe:

Texas Enforcement Sweep Finds Widespread Fraud in Cryptocurrency Offerings

The Duchess Smackarse
May 8, 2012

by Lowtax

Adar posted:

Looking at their contract reveals that they've gotten 24 ETH, i.e. $18k, for their joke page. That is not the stupid part.

22 of the 24 ETH came from a single $16K donation. That is also not the stupid part.

The wallet that made that donation tossed money into two dozen mostly awful ICOs...and EOS. It now holds 1.5 million dollars worth of EOS.

I want to believe they were buying from themselves to chum the water but the truth is probably far, far dumber

Risc1911
Mar 1, 2016

Arrest Warrants Issued to Employees of South Korean Crypto Exchange
Arrest warrants have reportedly been issued to three employees of a small South Korean cryptocurrency exchange, including its representative director. The three are “suspected [of] fraud and embezzlement,” according to local media.

https://news.bitcoin.com/arrest-warrants-employees-south-korean-crypto-exchange/

Risc1911
Mar 1, 2016

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.

Risc1911 posted:

Arrest Warrants Issued to Employees of South Korean Crypto Exchange
Arrest warrants have reportedly been issued to three employees of a small South Korean cryptocurrency exchange, including its representative director. The three are “suspected [of] fraud and embezzlement,” according to local media.

https://news.bitcoin.com/arrest-warrants-employees-south-korean-crypto-exchange/

Very good for Bitcoin, need to drain the swamp. Great to see authorities on it!!

DominoKitten
Aug 7, 2012

HTC is launching a blockchain-powered phone

I'm still not even sure what that actually means (it's probably still "powered" by a battery, like every other dang phone in existence), and apparently it's not even the first one that'll come out, but it appears people will be able to spend a good chunk of fiat money on a special funcoins funtimes phone.

jimmyjams
Jan 10, 2001


King Kong of Megadongs
Gobblin' them mega schlongs
Makin' sure they mega long
Stroke' 'em if they mega strong
what is blockchain

Fried Watermelon
Dec 29, 2008


Is bitcoin good yet?

How much do I buy?

The Duchess Smackarse
May 8, 2012

by Lowtax

Fried Watermelon posted:

Is bitcoin good yet?

How much do I buy?

.42069

vortmax
Sep 24, 2008

In meteorology, vorticity often refers to a measurement of the spin of horizontally flowing air about a vertical axis.

Fried Watermelon posted:

Is bitcoin good yet?

How much do I buy?

Sell everything you have, including your body, and buy all the Bitcoins you can while they're still cheap.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Dadbod Apocalypse posted:

guys, i have some shocking -- shocking -- news you're not gonna believe:

Texas Enforcement Sweep Finds Widespread Fraud in Cryptocurrency Offerings

eth not mentioned at all. In the clear imo.

Risc1911
Mar 1, 2016

Microsoft Bing browser bans crypto advertising, causing massive Bitcoin and altcoins sell-off
Bing's decision to join the trend of cryptocurrency-related ad ban initiated by Facebook in January and followed by Google and Twitter later this year. Microsoft-owned browser announced the decision to disallow cryptocurrency advertising.
https://www.fxstreet.com/cryptocurr...ff-201805160733

AARP LARPer
Feb 19, 2005

THE DARK SIDE OF SCIENCE BREEDS A WEAPON OF WAR

Buglord

jimmyjams posted:

what is blockchain

https://csrc.nist.gov/publications/detail/nistir/8202/draft

Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost
zero-point blockchain - even in empty space, there are countless 'virtual blockchains' that are constantly coming into existence and annihilating each other - through advanced hashing techniques, Butterfly Labs has unlocked the transcendent, unlimited power of the ur-blockchain, that which binds all living beings together in the Eternal Ledger. reserve yours today!

necrotic
Aug 2, 2005
I owe my brother big time for this!
microsoft bing browser

guess they got bored of edge already?

Khorne
May 1, 2002

necrotic posted:

microsoft bing browser

guess they got bored of edge already?
I find it really unlikely that had any impact on the price. It's like astrology at this point.

I've also never heard of the bing browser. Edge is actually a decent browser, but IE being so bad for so long kind of poisoned that well.

SpacePig
Apr 4, 2007

Hold that pose.
I've gotta get something.

jimmyjams posted:

what is blockchain

we just don't know.

Satchel and Trunk
Nov 4, 2008

jimmyjams posted:

what is blockchain

A miserable pile of child porn

necrotic
Aug 2, 2005
I owe my brother big time for this!

Khorne posted:

I find it really unlikely that had any impact on the price. It's like astrology at this point.

I've also never heard of the bing browser. Edge is actually a decent browser, but IE being so bad for so long kind of poisoned that well.

bing is a "search engine" there's no browser named bing. The article is just really bad, as expected from the land of cryptocurrencies.

divabot
Jun 17, 2015

A polite little mouse!

Satchel and Trunk posted:

A miserable pile of child porn

https://twitter.com/ButtCoin/status/995109506030981121

mojo1701a
Oct 9, 2008

Oh, yeah. Loud and clear. Emphasis on LOUD!
~ David Lee Roth


I still think referring to it as nonce-cents is better.

I would blow Dane Cook
Dec 26, 2008
Wait IOTA uses ternary instead of Binary? wtf am i reading?

https://www.reddit.com/r/Buttcoin/comments/8k1167/idiotas_naive_butters_and_their_m%C3%A9nage_%C3%A0_trois/

orange sky
May 7, 2007

https://twitter.com/EricHolthaus/status/997108205858840576?s=19

Fun

Waltzing Along
Jun 14, 2008

There's only one
Human race
Many faces
Everybody belongs here
Someone in Congress needs to find out about this poo poo and start making noise. Who gives a gently caress if a bunch of morons who wanted to get rich quick lose their money. This is far more important to society in general. At some point it's going to start severely effecting everyone as energy prices go up and Joe Grandma can't afford to run her AC because Bozo McAssholebutt needs to run his mining farm.

AARP LARPer
Feb 19, 2005

THE DARK SIDE OF SCIENCE BREEDS A WEAPON OF WAR

Buglord
https://motherboard.vice.com/en_us/article/9k8ykp/heating-water-with-bitcoin-mining-asic-reddit

Vice posted:


This Guy Heated Bath Water With Bitcoin Mining and It Worked Too Well

"Lee" used cryptocurrency mining ASICs to heat his bath, which turned the temperature up to 122 Fahrenheit.

AARP LARPer
Feb 19, 2005

THE DARK SIDE OF SCIENCE BREEDS A WEAPON OF WAR

Buglord

You guys aren't going to believe this crazy news!!!

https://www.wsj.com/articles/buyer-beware-hundreds-of-bitcoin-wannabes-show-hallmarks-of-fraud-1526573115

Wall Street Journal posted:


Buyer Beware: Hundreds of New Cryptocurrencies Show Hallmarks of Fraud

A Wall Street Journal analysis of 1,450 cryptocurrency offerings reveals rampant plagiarism, identity theft and promises of improbable returns.

George H.W. Cunt
Oct 6, 2010





Sitting in my heated bitcoin tub eating my dried strawberries

Comfy Fleece Sweater
Apr 2, 2013

You see, but you do not observe.


Welcome to crypto, bitch

jimmyjams
Jan 10, 2001


King Kong of Megadongs
Gobblin' them mega schlongs
Makin' sure they mega long
Stroke' 'em if they mega strong

imo this is something right out of hitchhikers guide. a civilization that killed itself burning all its coal to print fake internet money

Harveygod
Jan 4, 2014

YEEAAH HEH HEH HEEEHH

YOU KNOW WHAT I'M SAYIN

THIS TRASH WAR AIN'T GONNA SOLVE ITSELF YA KNOW

Did anyone happen to save the specs for the Killdozer?

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EMoney
Jul 19, 2004
The power consumption is the exact opposite of being the demise of Bitcoin. It is exactly what makes it work. You need to exhibit the needed work to earn Bitcoins as the reward. If the price of the reward goes up, the difficulty will go up. We can say that if the price goes up then we are looking at mass adoption. If that is the case then Bitcoin will save the world a million ways over. if the reward goes down then people will drop out. This is the same with gold.

Mining in the future will be done on satellites through solar power in outer space. Mining will be so competitive from a standpoint of creating ASIC's that you won't be able to afford any electricity at all to stay competitive, it will have to be free renewable electricity.

I have gotten nervous about this in the past. Its all part of the process. If it was easy to mine Bitcoin anyone would do it.

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