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Bust Rodd posted:Actually stealing money from the govt. to help pay for your poor religious communities needs like food and soap seems like the literal best and least worrying application of bitcoin. actually, stealing electricity paid for by public taxes in order to enrich themselves, and contributing to destroying the environment in the process, is extremely not good.
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Jun 27, 2019 14:26
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fisting by many posted:Mining must be hard to perform but trivial to verify, which is why it uses an arbitrary hash algorithm. You need to make quintillions of random guesses to find a valid hash, but once you have it, other nodes just have to perform one hash op to confirm it is valid. Has anyone said TSPCoin yet? Maybe we could use mining to optimize some guys' travel itineraries.
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Jun 27, 2019 14:57
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Imagine how dumb those scientists must feel for not just inventing F@HCoin in the '90s
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Jun 27, 2019 15:00
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fisting by many posted:The way bitcoin mining "works" as a proof of consensus means it can't possibly be used for anything useful. Once enough people have went to the work of verifying it, they can use POW to sign the transaction, and other people who trust them (in the web of trust sense) can just verify the signature. (You can even calculate the trustworthiness of somebody by re-verifying all of the things they vouched for.) xtal fucked around with this message at 15:04 on Jun 27, 2019 |
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Jun 27, 2019 15:02
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And how do you know whose verifications are trustworthy.
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Jun 27, 2019 15:04
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LordArgh posted:actually, stealing electricity paid for by public taxes in order to enrich themselves, and contributing to destroying the environment in the process, is extremely not good. Hard disagree, this is like the only example I’ve ever heard of Bitcoin being put to good use and the people in this mosque are the taxpayers so they’re just pooling resources in a roundabout way. Taxes should be used to improve the lives of the population.
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Jun 27, 2019 15:13
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nvm
Lambert fucked around with this message at 15:18 on Jun 27, 2019 |
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Jun 27, 2019 15:15
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poverty goat posted:Imagine how dumb those scientists must feel for not just inventing F@HCoin in the '90s All of those proteins I folded back in the early 00s could have been butts. Oh well, I helped real science so that's cool.
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Jun 27, 2019 15:15
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fisting by many posted:To validate useful problems like protein folding, you have to do the same amount of work that went into finding the solution. Isn’t this what proof-carrying is for? I don’t know that it’s been applied to consensus, but it doesn’t seem impossible.
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Jun 27, 2019 15:30
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It doesn't matter anyways. Cryptocurrencies exist because people want to get richt quick, it's like asking whether multi-level marketing schemes could be used for the common good.
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Jun 27, 2019 15:35
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Lambert posted:It doesn't matter anyways. Cryptocurrencies exist because people want to get richt quick, it's like asking whether multi-level marketing schemes could be used for the common good. That might be why they're popular, but I can tell you that the reason they exist is so you can buy drugs on the Internet.
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Jun 27, 2019 15:41
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Bust Rodd posted:the people in this mosque are the taxpayers so they’re just pooling resources in a roundabout way The people in the mosque aren’t all the taxpayers, though, and it’s very likely that the recipients of the mosque’s charity aren’t taxpayers at all, given how the Iranian tax system works.
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Jun 27, 2019 15:41
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I am literally always 100% down with the poor scamming money from the government so I just can’t not see it as a win.
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Jun 27, 2019 15:44
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Bust Rodd posted:I am literally always 100% down with the poor scamming money from the government so I just can’t not see it as a win. Then why does it matter if they’re taxpayers?
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Jun 27, 2019 15:51
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Bust Rodd posted:I am literally always 100% down with the poor scamming money from the government so I just can’t not see it as a win. why do you assume that they're poor?
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Jun 27, 2019 15:54
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LordArgh posted:why do you assume that they're poor? “This money goes a long way in Iran’s choked, sanctioned economy.” It’s called Reading.
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Jun 27, 2019 16:04
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Bust Rodd posted:“This money goes a long way in Iran’s choked, sanctioned economy.” It’s called that refers to the country as a whole, not the bitcoin mosque in particular. i'm noticing you're avoiding having to answer that other poster's question about why it's okay for these people so steal money from all other iranians
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Jun 27, 2019 16:15
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LordArgh posted:that refers to the country as a whole, not the bitcoin mosque in particular. i'm noticing you're avoiding having to answer that other poster's question about why it's okay for these people so steal money from all other iranians It's not stealing if somebody else voluntarily giving you something for free. If they had a problem with it they presumably wouldn't do that?
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Jun 27, 2019 16:16
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Ok you caught me dude, I’m racist for assuming everyone in Iran is poor. I don’t think people on food stamps are stealing from other taxpayers so if a community wants to use a government loophole to make ends meet, I don’t see the harm, and you seem to be implying that if they weren’t doing this the windfall of unspent energy funding would go somewhere else more deserving and that’s not how literally anything works, not how taxes work, not how infrastructure works, and it’s 100% not how the Iranian government structures its subsidies.
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Jun 27, 2019 16:19
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Bust Rodd posted:Ok you caught me dude, I’m racist for assuming everyone in Iran is poor. What if that person on food stamps was burning all the foodstamp avaible food in the store instead of eating it.
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Jun 27, 2019 16:22
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That metaphor is terrible and doesn’t work. Are there mosques in Iran without electricity because of this Mosque? I think people are conflating “energy is a finite resource” with “Iran only has enough battery power to run X amount of lightbulbs and those greedy Muslims are hoarding it all themselves!”
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Jun 27, 2019 16:24
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Bust Rodd posted:That metaphor is terrible and doesn’t work. Are there mosques in Iran without electricity because of this Mosque? running a hundred or two hundred miners 24/7 is a huge amount of energy that is liyerally wasted. That means the plant needs to burn more to provide the same service to others, or that parts of the grid get overloaded/brownouts from the increased strain. The power comes from somewhere, and it also doesnt go anywhere else to do anything useful.
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Jun 27, 2019 16:30
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Tashilicious posted:running a hundred or two hundred miners 24/7 is a huge amount of energy that is liyerally wasted. That means the plant needs to burn more to provide the same service to others, or that parts of the grid get overloaded/brownouts from the increased strain. It's not wasted if you're spending it on something. Your car isn't wasting fuel driving you places. (Well, depending on gas economy.)
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Jun 27, 2019 16:33
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xtal posted:It's not wasted if you're spending it on something. Your car isn't wasting fuel driving you places. (Well, depending on gas economy.) a car going somewhere isnt wasting fuel. a car running in the driveway for hours is.
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Jun 27, 2019 16:36
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Tashilicious posted:a car going somewhere isnt wasting fuel. Don’t use metaphor if you can’t follow through, just say what you’re trying to say drat
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Jun 27, 2019 16:39
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If you think about it really hard, digging up gold from the ground, smelting it into bars, and then letting it collect dust in a vault somewhere is a very valuable economic activity that produces lots of jobs.
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Jun 27, 2019 16:50
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EorayMel posted:
Yeah, I mean, if the private key is under that seal, they'll have to break it and attempt a transfer to their own account before they know if there is any balance in the wallet. I guess the payer could show the account balance on the blockchain, and the public key would be enough to tie the check to that account? But there would be no guarantee that there is a functional private key under the seal! And it would still require some online device to even try to provide evidence that the physical token is worth something! I guess checks have always been tied to trust, but Bitcoin is supposed to be trustless. I just think it's funny that "digital cash" is actually "digital-only cash", and therefore not like cash at all.
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Jun 27, 2019 16:53
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xtal posted:It's not wasted if you're spending it on something. Your car isn't wasting fuel driving you places. (Well, depending on gas economy.) Yeah, but mining buttcoins is like revving your v8 in the driveway at high rpm because your car COULD go somewhere if it didn't have it's wheels removed by design
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Jun 27, 2019 16:58
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Tashilicious posted:a car going somewhere isnt wasting fuel. d3lness posted:Yeah, but mining buttcoins is like revving your v8 in the driveway at high rpm because your car COULD go somewhere if it didn't have it's wheels removed by design Not if you can trade the carbon monoxide for goods and services. How much time and energy do you think is used to secure USD? Billions or trillions? (Note: I mean counterfeiting and laundering, not the whole imperialism thing.) xtal fucked around with this message at 17:09 on Jun 27, 2019 |
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Jun 27, 2019 17:03
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xtal posted:Not if you can trade the carbon monoxide for goods and services.  You just made my analogy even better and you probably have no idea why.
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Jun 27, 2019 17:11
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d3lness posted:
Maybe if you would stop assuming things I'd stop needing to correct you! Capitalism is a great way for a society to kill itself.
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Jun 27, 2019 17:14
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Lambert posted:And how do you know whose verifications are trustworthy. very carefully
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Jun 27, 2019 17:15
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xtal posted:Not if you can trade the carbon monoxide for goods and services. How much time and energy do you think is used to secure USD? Billions or trillions? (Note: I mean counterfeiting and laundering, not the whole imperialism thing.) What goods and services can you trade carbon monoxide for?
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Jun 27, 2019 17:16
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EorayMel posted:What goods and services can you trade carbon monoxide for? The sweet release of death
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Jun 27, 2019 17:20
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I support the Iranian people doing what they must to survive in the face of US economic warfare. However, I wish they could do this by producing something of real value, like crystal meth.
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Jun 27, 2019 17:21
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fisting by many posted:The way bitcoin mining "works" as a proof of consensus means it can't possibly be used for anything useful. Any NP-complete problem without a good heuristics would work.
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Jun 27, 2019 18:48
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CannonFodder posted:All of those proteins I folded back in the early 00s could have been butts. Imagine the supercomputer they could buy today to do protein science if they had the first billion crypto coins ever mined in a trust instead of a bunch of data produced on Pentium 2s
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Jun 27, 2019 19:03
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Number go down. Not down enough. More down.
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Jun 27, 2019 19:07
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You're not trading the waste product. You're trading the "work"-inventing, self-administrating ledger that says you put the waste product into the environment.
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Jun 27, 2019 19:08
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I cashed out my chinese gambling site winnings (minus the 40% they stole lol) into bit coin and then it went down 20% lmao
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Jun 27, 2019 20:09
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