buttcoin thraed 2019: I have an advanced degree in a field related to finance

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > buttcoin thraed 2019: I have an advanced degree in a field related to finance

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...!: Oct 5, 2003; Can't post for 3 hours!

Amichateur 8 points 4 days ago

Hard disk manufacturers should pre-load their disks with the blockchain.

DesignerAccount 2 points 3 days ago

They will. Or better, expect new machines (laptops, desktops) to come with a pre-installed bitcoin node, which syncs in 20min, the time to set up the new machine properly. With LN ready to go.

# ? Jan 11, 2019 04:54

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# ? Jun 7, 2024 01:47

Weatherman: Jul 30, 2003; WARBLEKLONK

...! posted:

Amichateur 8 points 4 days ago

Hard disk manufacturers should pre-load their disks with the blockchain.

DesignerAccount 2 points 3 days ago

They will.

# ? Jan 11, 2019 05:01

...!: Oct 5, 2003; Can't post for 3 hours!

Weatherman posted:

thanks for the emptyquote

# ? Jan 11, 2019 05:42

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

i can't wait to get a new hard dick filled with 200 gigabytes of blockchain

# ? Jan 11, 2019 05:48

...!: Oct 5, 2003; Can't post for 3 hours!

Boxturret posted:

i can't wait to get a new hard dick filled with 200 gigabytes of blockchain

my hard dick is filled with 200 gigs all right :grin:

# ? Jan 11, 2019 05:51

Dixie Cretin Seaman: Jan 22, 2008; all hat and one catte; Hot Rope Guy

Boxturret posted:

i can't wait to get a new hard dick filled with 200 gigabytes of blockchain

great satoshi's phallus

# ? Jan 11, 2019 05:55

Hirez: Feb 3, 2003; Weber scored 49 points?

edit: dumb emptyquote button

# ? Jan 11, 2019 07:13

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

Hirez posted:

edit: dumb emptyquote button

the curse of failhard

# ? Jan 11, 2019 07:17

...!: Oct 5, 2003; Can't post for 3 hours!

Hirez posted:

edit: dumb emptyquote button

# ? Jan 11, 2019 07:40

Beelzebufo: Mar 5, 2015; Frog puns are toadally awesome

20% of Bitcoin's daily trading volume generated by a single project

quote:

According to the recent research published by Forbes Crypto, about 20% of all Bitcoin transactions are generated by a project called VeriBlock. It is developed on top of Bitcoin blockchain with the aim to provide a more secure alternative to existing cryptocurrency networks.

VeriBlock is based on proof-of-proof (PoP) concept that functions as a supplemental consensus mechanism for blockchains integrated with VeriBlock.

Basically, it allows minor altcoin projects to avoid security issues related to low hash rate and relatively low reward for mining. Low hash rate may lead double spend issues and 51% attack - something that is happening with Ethereum Classic now.

VeriBlock claims to improve the security of altcoins by embedding their ledgers into Bitcoin blockchain and allowing them to piggyback on the massive hash rate of the Bitcoin network.

While the idea of making altcoins safer might look appealing, one would remember that it is done at the expense of Bitcoin users. VeriBlock operations overload the network and make Bitcoin transfers more expensive. Considering that Bitcoin is a permissionless system where anyone who is willing to pay can get their transactions into the blockchain, no one can stop VeriBlock from doing what they are doing.

The actual consequences of this activity are not clear at this stage, though the viability of the project and its effect on the Bitcoin network is worth tracking in months to come.

# ? Jan 11, 2019 09:00

Synthbuttrange: May 6, 2007

lmao

# ? Jan 11, 2019 11:18

gschmidl: Sep 3, 2011; watch with knife hands

proof-of-proof (PooP)

# ? Jan 11, 2019 11:38

Splicer: Oct 16, 2006; from hell's heart I cast at thee
🧙🐀🧹🌙🪄🐸

Parasitic blockchains :allears:

Well, more parasitic than usual

# ? Jan 11, 2019 13:47

...!: Oct 5, 2003; Can't post for 3 hours!

lol

"Eventually, people can use Bitcoin to pay off their fiat debt. If we just keep paying off our debt, an orderly unwinding of the global monetary fiat system will ensue. Basically, everyone pays off all of their debt and the fiat money supply contracts until it drops to zero." Saifedean Ammous

# ? Jan 11, 2019 13:59

Paladinus: Jan 11, 2014; heyHEYYYY!!!

...! posted:

lol

"Eventually, people can use Bitcoin to pay off their fiat debt. If we just keep paying off our debt, an orderly unwinding of the global monetary fiat system will ensue. Basically, everyone pays off all of their debt and the fiat money supply contracts until it drops to zero." Saifedean Ammous

Highly likely, considering

...! posted:

arkatekt617 (deleted by user)0 points22 hours ago

I started with 70,000, it made 917000 and I did not sell. I am still underwater on 20 different cryptocurrency trades. I've been writing it down for 10 months because I did not know when to sell I now have 20,000. Don't feel bad. If you can hold until near end of 2019 or 2020 you'll be in for a world of wonder and Fortune. I only hope that I can hold because I owe 1100 a month on this $70,000 loan

# ? Jan 11, 2019 14:22

jre: Sep 2, 2011; To the cloud ?

...! posted:

arkatekt617 (deleted by user)0 points22 hours ago

I started with 70,000, it made 917000 and I did not sell. I am still underwater on 20 different cryptocurrency trades. I've been writing it down for 10 months because I did not know when to sell I now have 20,000. Don't feel bad. If you can hold until near end of 2019 or 2020 you'll be in for a world of wonder and Fortune. I only hope that I can hold because I owe 1100 a month on this $70,000 loan

Why the gently caress didn�t they sell some at 900k and pay off the loan :psyduck:

# ? Jan 11, 2019 14:50

ymgve: Jan 2, 2004; Offensive Clock

jre posted:

Why the gently caress didn�t they sell some at 900k and pay off the loan

because then they would only have 4.4 million USD when butts reached 100k, instead of 4.8 million!

# ? Jan 11, 2019 15:12

KnifeWrench: May 25, 2007; Practical and safe.; Bleak Gremlin

Sedge and Bee posted:

20% of Bitcoin's daily trading volume generated by a single project

quote:

no one can stop VeriBlock from doing what they are doing.

or anyone else lol how many layers of tragedy of the commons can we pile on one dysfunctional community

# ? Jan 11, 2019 15:46

Splicer: Oct 16, 2006; from hell's heart I cast at thee
🧙🐀🧹🌙🪄🐸

jre posted:

Why the gently caress didn�t they sell some at 900k and pay off the loan

an actual pure profit scenario

# ? Jan 11, 2019 15:58

Discendo Vox: Mar 21, 2013; This does not make sense when, again, aggregate indicia also indicate improvements. The belief that things are worse is false. It remains false.

What are the costs entailed for VeriBlock, respective to the strain placed on the system?

Put differently, how costly/expensive would it be to effectively gum up and make the whole structure completely unusable?

Discendo Vox fucked around with this message at 16:06 on Jan 11, 2019

# ? Jan 11, 2019 16:00

Dixie Cretin Seaman: Jan 22, 2008; all hat and one catte; Hot Rope Guy

...! posted:

lol

"Eventually, people can use Bitcoin to pay off their fiat debt. If we just keep paying off our debt, an orderly unwinding of the global monetary fiat system will ensue. Basically, everyone pays off all of their debt and the fiat money supply contracts until it drops to zero." Saifedean Ammous

everyone in the world collectively agrees to stop borrowing and lending money, cool

# ? Jan 11, 2019 16:09

Papa Was A Video Toaster: Jan 9, 2011

Discendo Vox posted:

What are the costs entailed for VeriBlock, respective to the strain placed on the system?

Put differently, how costly/expensive would it be to effectively gum up and make the whole structure completely unusable?

# ? Jan 11, 2019 16:14

KnifeWrench: May 25, 2007; Practical and safe.; Bleak Gremlin

jre posted:

Why the gently caress didn’t they sell some at 900k and pay off the loan

one of my former co-workers was into cryptocurrency, and to his credit, he did this pretty close to the peak. he sold enough to pay for his initial investment (not a loan) and the taxes (!!!) on the gains and is just holding the rest long-term to "see what happens"

for as much as I disagree with touching the poop on principle, I can't fault his approach

# ? Jan 11, 2019 16:24

BMan: Oct 31, 2015; KNIIIIIIFE
EEEEEYYYYE
ATTAAAACK

proof-of-proof

im dead

# ? Jan 11, 2019 17:46

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

come and buy some tokens for my new ico for VeriVeriBlock featuring the innovative proof of proof of proof system

# ? Jan 11, 2019 17:51

Papa Was A Video Toaster: Jan 9, 2011

Boxturret posted:

come and buy some tokens for my new ico for VeriVeriBlock featuring the innovative proof of proof of proof system

PooPooP

# ? Jan 11, 2019 18:21

My PIN is 4826: Aug 30, 2003

))<>((

# ? Jan 11, 2019 19:24

Discendo Vox: Mar 21, 2013; This does not make sense when, again, aggregate indicia also indicate improvements. The belief that things are worse is false. It remains false.

I'm just saying if there's a cheap way to nest this stuff and turn the entire crypto economy into a giant smelly slagheap, well, I'd feel a degree of moral obligation to demonstrate the vulnerability.

# ? Jan 11, 2019 19:56

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

what if we put bitcoin on the blockchain

# ? Jan 11, 2019 19:57

...!: Oct 5, 2003; Can't post for 3 hours!

Discendo Vox posted:

I'm just saying if there's a cheap way to nest this stuff and turn the entire crypto economy into a giant smelly slagheap, well, I'd feel a degree of moral obligation to demonstrate the vulnerability.

whatever, morality was invented by satoshi

# ? Jan 11, 2019 21:12

divabot: Jun 17, 2015; A polite little mouse!

I did my own writeup of the latest KodakCoin stupidity fwiw.

# ? Jan 11, 2019 22:22

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

#xrpthestandrad

# ? Jan 11, 2019 22:28

Gazpacho: Jun 18, 2004; by Fluffdaddy; Slippery Tilde

can't shut down the government if you run it on smart contracts headtap.jpg

# ? Jan 11, 2019 23:57

LanceHunter: Nov 12, 2016; Beautiful People Club

divabot posted:

I did my own writeup of the latest KodakCoin stupidity fwiw.

Small note: I think here:

quote:

That�s $600 per �case.� That�s the sort of amount semi-automated �copyright trolls� send notices for � more than it would cost the recipient to get a lawyer to fight, but enough to turn a possible profit on from those who don�t fight.

I'm guessing you meant to write less instead of more.

# ? Jan 12, 2019 00:51

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

theo chino attorney at law will take your case for 20 buck and a sandwich

# ? Jan 12, 2019 01:05

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

# ? Jan 12, 2019 01:20

Soricidus: Oct 21, 2010; freedom-hating statist shill

proof of poof, which is the sound your money makes as it vanishes into the ether

# ? Jan 12, 2019 01:27

Chris Knight: Jun 5, 2002; me @ ur posts; Fun Shoe

https://twitter.com/avsa/status/1083760251688681482

# ? Jan 12, 2019 01:37

...!: Oct 5, 2003; Can't post for 3 hours!

Boxturret posted:

s

# ? Jan 12, 2019 02:47

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# ? Jun 7, 2024 01:47

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

...! posted:

it fell out of my last post please don't steal it

# ? Jan 12, 2019 03:09

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > buttcoin thraed 2019: I have an advanced degree in a field related to finance

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