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Adar posted:bitcoin's community is so insane even by crypto standards that any major change to the protocol is politically impossible to make and will result in a fork that has no popular support. the protocol that is out there in 2018 is the one that is locked in for the foreseeable future.
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Oct 31, 2018 00:11
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Phosphine posted:They're obviously not going to be giving away free money, somehow, but I am curious how they're going to scam people. Invite structure, promise rewards, and then at some point in the future say "Yes, yes, we're ready to wire you your nigerian funbux, just send money to ACCOUNT to verify serious intent", or what? At the very minimum they end up with a database of personal info and a social diagram of the type or people who jump through hoops for fake money. That stuff is worth enough that people used to give away thing with actual value to collect it.
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Oct 31, 2018 00:42
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I'm surprised no one caught on to the warlock anchor spell that's imbued in the thread title as bitcoin strains and then plummets within a range predetermined by "us." 6000
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Oct 31, 2018 01:34
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Klyith posted:At the very minimum they end up with a database of personal info and a social diagram of the type or people who jump through hoops for fake money. lol
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Oct 31, 2018 01:39
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moolchaba posted:I'm surprised no one caught on to the warlock anchor spell that's imbued in the thread title as bitcoin strains and then plummets within a range predetermined by "us." Sir that clearly says "under"
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Oct 31, 2018 02:13
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Waffle House posted:Sir that clearly says "under" exactly every time it goes under 6k it gets pumped
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Oct 31, 2018 02:15
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Adar posted:I've spent a lot of time thinking about this and it's one of the reasons bitcoin is a dead end; even without a worldwide treaty banning crypto mining that might be a thing sooner or later, power generation just doesn't increase fast enough for the kind of hashpower growth that BTC has been seeing to continue. at some point the amount of cheap power worldwide will run out, miners will be increasingly unprofitable while ASIC development itself continues, and the end result of that process is going to be a very small number of miners in control of network security while a very large number of miners are mothballed or for rent / idle hashpower becomes able to hijack the network *presses the 21.co button to mine a quick hit of Bitcoin*
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Oct 31, 2018 08:50
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bitcoin boffins, what's initiative q
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Oct 31, 2018 11:39
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Milkfred E. Moore posted:bitcoin boffins, what's initiative q Our resident vampire explains
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Oct 31, 2018 11:58
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Milkfred E. Moore posted:bitcoin boffins, what's initiative q dogshit. i am apparently the world expert on this because i posted about it in june. that post has had 200,000+ hits, making it literally the most popular thing i have ever written in 51 years on earth. what the poo poo. it's not a crypto, but it manages to be dumb and bad in many of the same ways.
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Oct 31, 2018 11:58
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what about avenue q
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Oct 31, 2018 13:48
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Anything prominently featuring the letter "Q" these days is guaranteed to be a horror show
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Oct 31, 2018 14:19
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Everyone's a little bitcoin racist sometimes.
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Oct 31, 2018 15:16
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Crossposting from the Spaceflight thread, of all places:Alaan posted:https://www.planetaryresources.com/2018/10/consensys-acquires-planetary-resources/ Planetary Resources is a small pie-in-the-sky aerospace startup that's trying to develop technologies for mining the asteroids. So far they've gotten a couple of tiny satellites (built to the CubeSat spec) into low Earth orbit, which to be fair is WAY more than most of these little companies ever manage. Here's their first satellite (the green thing at lower right) being deployed. For scale, it's 30cm by 10cm by 10cm.  All the near-term hard-headed practicality of asteroid mining, combined with the stability and reputation of cryptocurrencies? What's not to love? 
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Oct 31, 2018 17:18
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Can we cut the bullshit and jettison the coiners into space instead of their litter?
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Oct 31, 2018 17:35
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Nessus posted:Honestly this process has already begun, a lot of places with cheap power because of a nearby hydro dam or whatever have gotten sick of bitlords rolling in, stuffing a shitload of electronics into a building that catches fire, refusing to pay taxes, and then leaving the hot moment something else happens. Similarly the coal plant that was claiming to become dedicated power for a coin farm was, in fact, just some bullshit a scammer did. My favorite in my home area was the company rep that flew from China to East Washington, drove to the actual hydroelectric dam, and asked at the gate "May I see the dam master? I'd like to buy a large amount of electricity."
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Oct 31, 2018 17:44
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Ah yes the noble and wise dam master, hopefully he bowed in his presence
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Oct 31, 2018 18:13
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Holy poo poo lmao
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Oct 31, 2018 18:37
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i've had it up to here with these dam masters way up in their dam offices looking out over the drat dam!
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Oct 31, 2018 18:42
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dam master flash
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Oct 31, 2018 19:51
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https://twitter.com/MattBruenig/status/1057749633638776833?s=19
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Oct 31, 2018 23:02
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My. 🙏 Culture. 🙏 Is. 🙏Not. 🙏Your. 🙏Costume.
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Oct 31, 2018 23:05
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bold. taking a photo of yourself wearing the back you carved off a bitcoiner so you can invoke his dark magics like you live in vagrant story world
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Oct 31, 2018 23:05
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divabot posted:dogshit. I can see why it has so many hits. I've seen 5 people I know sharing their Q invite links on Facebook already, so a good rebuttal is gonna get posted a lot.
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Nov 1, 2018 02:02
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Razorwired posted:My favorite in my home area was the company rep that flew from China to East Washington, drove to the actual hydroelectric dam, and asked at the gate "May I see the dam master? I'd like to buy a large amount of electricity." I really want to hear details if there are any I'm p sure the dam master was what everyone wanted to be in Fallout New Vegas
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Nov 1, 2018 10:40
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Is bitcoin died yet? Asking for a friend ...
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Nov 1, 2018 11:21
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WalletBeef posted:Is bitcoin died yet? Asking for a friend ... How can it die? It was never alive.
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Nov 1, 2018 11:27
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klafbang posted:How can it die? It was never alive. What is dead may never die.
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Nov 1, 2018 13:24
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in r'yleh deep cthulhu lies hashing
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Nov 1, 2018 13:38
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So, what was this?
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Nov 1, 2018 14:45
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Adar posted:Coinbase's "lawyer" is Goodwin Procter, an upper tier BIGLAW firm with a few hundred employees. Their USD reserves are a)likely growing but also b)practically limitless because they make so much money and are so hot that there are rumors Facebook wants to buy them. If I had to guess, given Binance makes about 150m a quarter, a 'sane' valuation would be around 5-7b so they would probably go for 3 times that much. https://www.cnbc.com/2018/10/30/cryptocurrency-start-up-coinbase-valued-at-8-billion-despite-bitcoins-plunge.html they raised 300 mil at an $8B valuation this month. the IPO's probably going to be in the next couple of years at 2x-3x that, but first they're gonna add a few hundred shitcoins setting the O/U for the next bubble at 2020
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Nov 1, 2018 18:44
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A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada A man spent millions on an enormous plot of land near Reno. Now he wants to build a community based on the blockchain technology introduced by Bitcoin. https://twitter.com/nytimes/status/1058097633586241540 This is going to be great tot watch!
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Nov 1, 2018 22:00
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Texarrakis II: Nevada Boogaloo
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Nov 1, 2018 22:02
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Risc1911 posted:A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada Looking forward to Galt's Gulch 2.0 http://gawker.com/ayn-rands-capitalist-paradise-is-now-a-greedy-land-grab-1627574870
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Nov 1, 2018 22:05
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Harveygod posted:So, what was this? Yeah, enquiring minds want to know, since that photo has been removed. Was it really a fuckcoiner wearing the flayed skin of a bitcoiner? 
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Nov 2, 2018 02:40
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Slim Pickens posted:Looking forward to Galt's Gulch 2.0 Lol thanks for this article... and there's many more laughs to come I reckon. I wonder what scams the citizens of Blockchain City will pull on each other. Anyone moving there had better hire an extra moving van and driver for hauling the thousands of Amazon gift vouchers and any other needs they can't buy locally. Your coinhaver postman will either be keeping everyone's mail or auctioning it off to the highest bidder. Also bring guns, and lots of ammunition.
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Nov 2, 2018 02:56
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Risc1911 posted:A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada Hay guys, we are going to build a city based on this new concept called a database, only everyone has a copy and it takes a shitload of computing power and energy to use! Amazing technology of the future!!
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Nov 2, 2018 03:09
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why is it always in a desert
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Nov 2, 2018 03:24
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BigBadSteve posted:Lol thanks for this article... and there's many more laughs to come I reckon. personally i would just bring some kind of usb stick with a keylogger on and steal everyone's city coins. don't even have to live there, just pass through. that's the smart money bby
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Nov 2, 2018 03:33
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naem posted:why is it always in a desert Probably because that's where there's tons of cheap land for sale.
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Nov 2, 2018 03:44
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