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The thing that stands out to me here is that these guys keep talking like you should just have a bitcoin and sit on it, like an egg, forever, because that will make you Rich. My understanding is that in order to do anything with money, you have to exchange it for something else -- even the omega-rich are more like "I have effectively all the money I want, because I own a shitload of assets, and have set it up so the accounting systems automatically shuffle around and reconcile things for when I buy a $27million house for my rent boy." You can't do that so easily with bitcoins... indeed it seems like all this distributed ledger poo poo means you would have a hard time doing it at all without basically handing your private key to your accountant.
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May 24, 2021 22:10
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Nessus posted:The thing that stands out to me here is that these guys keep talking like you should just have a bitcoin and sit on it, like an egg, forever, because that will make you Rich. If you believe that Bitcoin will one day be the world's main currency that is an entirely rational thing to do. OTOH it's a completely insane belief, not just for the oft-mentioned technical problems of bitcoin that make it impossible to use at large scale, but also because that would mean that every bitcoin would be worth about $1.5 million and the early money hoards (satoshi, the mtgox theft wallet) would be multi-trillionaires. It's obviously impossible that the world would just hand over that much money for nothing.
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May 24, 2021 22:30
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xtal posted:I mean, it's a fundamental principle of computing and expected knowledge of any computer scientist in the last decade... Alright, I'm a Computer Science major and a Computer Science teacher, and so far, reading your posts has revealed to me that either I know nothing about Computer Science, or you don't.
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May 24, 2021 22:37
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Don't worry guys or lord and savior Elon has had a chat with the bitcoin folks and they are totally going to use renewable energy. Pinky swear. https://twitter.com/elonmusk/status/1396914548167233537?s=20
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May 24, 2021 22:40
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Code Jockey posted:how long until we hear a leak out of Tesla that Elon asked his team about running doge miners in the cars, like including it in a mandatory firmware update or something Would certainly explain their propensity to catch fire.
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May 24, 2021 22:41
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The Bible posted:Alright, I'm a Computer Science major and a Computer Science teacher, and so far, reading your posts has revealed to me that either I know nothing about Computer Science, or you don't. What, you mean you've never heard of Zooko's Triangle, a fundamental tenet of computer science that is definitely taught by serious schools and not some obscure blog post that resurfaced on ycombinator a couple months ago and therefore a particular breed of incurious, credulous tech junkie now thinks is established fact (don't check the sources, they didn't)?
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May 24, 2021 22:43
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Zooko's triangle sounds like a fancy night club for clowns.
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May 24, 2021 22:48
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The Bible posted:Alright, I'm a Computer Science major and a Computer Science teacher, and so far, reading your posts has revealed to me that either I know nothing about Computer Science, or you don't. it's not you 
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May 24, 2021 22:53
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spankmeister posted:Don't worry guys or lord and savior Elon has had a chat with the bitcoin folks and they are totally going to use renewable energy. Pinky swear. I wish Elon would find a new pet project to obsess over, because his interference in Bitcoin is getting tiring quickly. Cheers at ETH switching to PoW by either end of 2021 or mid 2022 though, exciting news.
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May 24, 2021 23:02
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Snuff Melange posted:I wish Elon would find a new pet project to obsess over, because his interference in Bitcoin is getting tiring quickly. Cheers at ETH switching to PoW by either end of 2021 or mid 2022 though, exciting news. Oh yeah, I'm sure those changes will happen this time for sure! Also, they're supposedly switching to PoS.
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May 24, 2021 23:06
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spankmeister posted:Zooko's triangle sounds like a fancy night club for clowns. lol
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May 24, 2021 23:09
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Fame Douglas posted:Oh yeah, I'm sure those changes will happen this time for sure! PoS my Eth hole.
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May 24, 2021 23:10
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I just took a look at bitcoin.com and the recent stories are packed with hilariously histrionic whataboutism and flailing rage. "The US dollar is backed by the US military which emits lots of carbon. What now, nocoiners!" 
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May 24, 2021 23:20
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Fame Douglas posted:Oh yeah, I'm sure those changes will happen this time for sure! Oops you caught me bad posting, PoS is right, wasn't rubbing my brain cells together enough. I'm optimistic although that has proved detrimental in my little involvement in crypto speculating thus far, you could very well be right.
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May 24, 2021 23:21
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spankmeister posted:Zooko's triangle sounds like a fancy night club for clowns. I thought Stefon retired from the culture beat.
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May 24, 2021 23:26
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CaptainSarcastic posted:I just took a look at bitcoin.com and the recent stories are packed with hilariously histrionic whataboutism and flailing rage. "The US dollar is backed by the US military which emits lots of carbon. What now, nocoiners!" Someone (probably ITT) said while bitcoin is backed by math, the dollar is backed by nuclear bombs, which is also backed by math along physics and chemistry. The choice is clear.
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May 24, 2021 23:26
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spankmeister posted:Don't worry guys or lord and savior Elon has had a chat with the bitcoin folks and they are totally going to use renewable energy. Pinky swear. This is potentially good for bitcoin! 
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May 24, 2021 23:29
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CaptainSarcastic posted:I just took a look at bitcoin.com and the recent stories are packed with hilariously histrionic whataboutism and flailing rage. "The US dollar is backed by the US military which emits lots of carbon. What now, nocoiners!" Wow, that is..... incredibly stupid. Wondrously inept and with a stunning lack of common sense
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May 24, 2021 23:29
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EorayMel posted:the dollar is backed by nuclear bombs, which is also backed by math along physics and chemistry. Math is just a system we found that is useful for describing things, seems hard for something real to be "backed by Math"
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May 24, 2021 23:33
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It's always a painful moment when folks who know how to drop obscure buzzwords run into folks who actually work in the industry and know how to look things up See: Every evangelist for "blockchain technology" talking to folks who actually do programming Somfin fucked around with this message at 23:37 on May 24, 2021 |
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May 24, 2021 23:33
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Fame Douglas posted:Math is just a system we found that is useful for describing things, seems hard for something real to be "backed by Math" bitcoin is backed by HODL, a shared delusion, and nothing else. but that's enough in some cases
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May 24, 2021 23:37
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By the way, doesn't proof of stake automatically bake in control for those who already have a ton of coin? Am I misunderstanding the fundamentals? Because that seems obvious to me
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May 24, 2021 23:41
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Somfin posted:It's always a painful moment when folks who know how to drop obscure buzzwords run into folks who actually work in the industry and know how to look things up Aren't you the person who compared blockchains to a SQL database? I thought you said you were some kind of project or program manager, meanwhile I'm an actual cryptographer... (USER WAS PUT ON PROBATION FOR THIS POST)
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May 24, 2021 23:41
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xtal posted:Aren't you the person who compared blockchains to a SQL database? I thought you said you were some kind of project or program manager, meanwhile I'm an actual cryptographer... Who cares, stop posting.
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May 24, 2021 23:43
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xtal posted:Aren't you the person who compared blockchains to a SQL database? I thought you said you were some kind of project or program manager, meanwhile I'm an actual cryptographer...
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May 24, 2021 23:44
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Fame Douglas posted:Who cares, stop posting.
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May 24, 2021 23:45
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xtal posted:Aren't you the person who compared blockchains to a SQL database? I thought you said you were some kind of project or program manager, meanwhile I'm an actual cryptographer... Funny, you sound more like a forklift operator.
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May 24, 2021 23:47
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xtal posted:Aren't you the person who compared blockchains to a SQL database? I thought you said you were some kind of project or program manager, meanwhile I'm an actual cryptographer... Decrypt this: opstay ostingpay.
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May 24, 2021 23:51
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I'm a grass fed, organic cryptocoiner AmA
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May 24, 2021 23:53
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oxsnard posted:I'm a grass fed, organic cryptocoiner AmA Is centralization immoral?
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May 24, 2021 23:54
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Bronze Fonz posted:Is centralization immoral? are 13 year olds able to give consent? What kind of question is that
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May 24, 2021 23:56
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xtal posted:meanwhile I'm an actual cryptographer... Wow! You draw maps?
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May 25, 2021 00:03
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xtal posted:Aren't you the person who compared blockchains to a SQL database? I thought you said you were some kind of project or program manager, meanwhile I'm an actual cryptographer... People try and fail to make approachable metaphors all the time. Comparing blockchain to something like a SQL DB is unfair because that makes it seem more complicated than it is. Blockchain is essentially a cryptographically verifiable email chain. Instead of a central signing authority, the signature comes by way of a nondeterministic polynomial function where people waste resources by trying to be the oracle for the next block. That's why I think Hal Finney was Satoshi - He solved a problem he had already solved in a new and novel way that removed the need for a central authority. Blockchain has extremely narrow applicability, so people who were excited by it tried to apply it to all kinds of real world problems where a database would be better. It's not a relational database at all. It is a database in the same kind of way the windows registry is though. Edit: where a simple database would be better.
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May 25, 2021 00:05
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Bronze Fonz posted:Is centralization immoral?
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May 25, 2021 00:07
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xtal posted:Aren't you the person who compared blockchains to a SQL database? I thought you said you were some kind of project or program manager, meanwhile I'm an actual cryptographer... You're a cryptographer? Name every prime number.
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May 25, 2021 00:07
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Please just keep him busy so he stays out of the healthcare thread and stops telling us posting cool bone scans is ‘creepy’ Stop coming here xtal, nobody wants you, nobody likes you, go roast your brain over a few half melted graphics cards
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May 25, 2021 00:11
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please knock Mom! posted:Please just keep him busy so he stays out of the healthcare thread and stops telling us posting cool bone scans is ‘creepy’ Normally by the time people melt down this much I know them but who are you again?
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May 25, 2021 00:13
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I once made a text adventure in SQL. I doubt it's possible on a blockchain.
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May 25, 2021 00:15
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The single 1985 nintendo that could run the entire bitcoin blockchain by itself could also run a text adventure, same thing right
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May 25, 2021 00:18
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Cryptography is a weird subset of computer poo poo. You're doing a bunch of automata and algorithms and discreet math and then BLAM. Here comes a whole new algebraic notation (⊕ anyone?) with a bunch of logarithms and crap. I can see why that would melt your brain and turn you into a CSPAM poster.
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May 25, 2021 00:18
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