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Mimesweeper posted:a couple guys at work today were talking about shibacoin and i hope they don't end up holding a bag. they're nice kids. i hope they manage to get rich if they do, they will just get worse. better for their sakes they get poo poo on by crypto early and realise it's for suckers.
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Jul 8, 2021 09:29
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loving lol
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Jul 8, 2021 13:29
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Dawncloack posted:This is all fun and games, but if someone does it, know that the implementation can be much better. This was 100% intended to be a joke, but I do not doubt it can be improved upon. I literally entered 'poo poo coin' into G translate and changed the output languages so I woiuld REALLY suspect that it is less than ideal even under the best of circumstances. Your point is well taken regarding poetry, nuances of languages are hard to deal with. Having written all that let me be perfectly clear: buttcoin
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Jul 8, 2021 13:39
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ilovebeersooomuch posted:This was 100% intended to be a joke, but I do not doubt it can be improved upon. I literally entered 'poo poo coin' into G translate and changed the output languages so I woiuld REALLY suspect that it is less than ideal even under the best of circumstances. I really have to agree with your conclusion here. Also, your name makes me think that you’re an alcoholic which basically makes you my kind of degenerate.
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Jul 8, 2021 13:43
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tehinternet posted:Also, your name makes me think that you’re an alcoholic which basically makes you my kind of degenerate. I keep reading it as "ilovebeersmooch"
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Jul 8, 2021 14:18
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ilovebeersooomuch posted:This was 100% intended to be a joke, but I do not doubt it can be improved upon. I literally entered 'poo poo coin' into G translate and changed the output languages so I woiuld REALLY suspect that it is less than ideal even under the best of circumstances. I know, my professional spider-sense took the best of me, and I answered a joke seriously. I should not do that. Oh also: Moneda del culo. Culo! CULOOOOOO!!!
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Jul 8, 2021 14:42
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tehinternet posted:Also, your name makes me think that you’re an alcoholic which basically makes you my kind of degenerate. I have been known to enjoy the occassional libation LordSaturn posted:I keep reading it as "ilovebeersmooch" I mean, you're not wrong in that is what I do
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Jul 8, 2021 15:11
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https://twitter.com/interlunations/status/1413167704333164546
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Jul 8, 2021 17:18
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this is good for bitcoin
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Jul 8, 2021 17:18
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drk posted:<good news for bitcoin> these exchanges both operate outside China now, so does this mean that there are two sets of exchanges for each? one inside China and one outside? Or is this China 
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Jul 8, 2021 17:38
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As far as I know, most cryptocurrency related services were already not allowed to operate in China, though this was mostly all talk until earlier this year, when enforcement seemed to step up. However, they hadnt actually blocked exchanges with the great and powerful (fire)wall of china until today. A followup tweet said backend API calls are getting blocked too, so the smartphone apps wont work without a VPN.
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Jul 8, 2021 17:51
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Is there an expectation that any/all wallets located in China (or at least behind the firewall) are (eventually) unusable and therefore lost for all intents and purposes? If so, what kind of coin loss are we talking about here that is gone forever, and will there be any adjustment to mine new coins or just roll with what's left and it becomes more "valuable"?
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Jul 8, 2021 18:19
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ilovebeersooomuch posted:Is there an expectation that any/all wallets located in China (or at least behind the firewall) are (eventually) unusable and therefore lost for all intents and purposes? Why would they be? There are lots of ways someone could move their private keys outside of China.
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Jul 8, 2021 18:27
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Yeah, I dont think much of anything would be lost forever. No regulation can be enforced 100%, and its not like existing laws on capital controls work perfectly. A cryptocurrency key is really just a big number (or sometimes represented as a string of 20 words or so, that one could memorize with practice). So, so long as people are willing to break the law, which they arguably were already, those assets will probably be spent or cashed out in a safer location. Heavy handed enforcement of the current rules and regulations certainly would likely reduce new money entering into the system though, and reduce the volume of transactions.
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Jul 8, 2021 18:33
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Hammerite posted:Why would they be? There are lots of ways someone could move their private keys outside of China. I grossly oversetimated the potential impact, and in hindsight, I am an idiot
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Jul 8, 2021 18:38
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Ad by Khad posted:"we're all early" to this thing we've been posting about for 12 years to be fair, nobody in 2008 thought the internet was any good and by 2021 they were clearly correct
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Jul 8, 2021 20:07
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https://twitter.com/Plinz/status/1413012411418779654
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Jul 8, 2021 23:33
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With no context that reads like a Poe's Law thing - is it genuine or is it parody?
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Jul 8, 2021 23:46
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its some bay area AI IS THE FUTURE tech dweeb, for context you know, the ones ruining the world with ~algorithms~
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Jul 9, 2021 00:34
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This is either unparalleled hubris or stupidity,, I can’t tell which though
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Jul 9, 2021 00:41
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I’m offended at this. Bityis the best because even if electricity isn’t anywhere you can just set up a mesh HAM-radio net with all the other radio enthusiasts in 972 France.
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Jul 9, 2021 01:00
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ilovebeersooomuch posted:This is either unparalleled hubris or stupidity,, I can’t tell which though The two are often hard to distinguish.
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Jul 9, 2021 01:04
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https://videocardz.com/newz/cryptominers-now-selling-geforce-rtx-3060-cards-for-as-low-as-270-usd-after-mining-crackdown-in-china
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Jul 9, 2021 19:33
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golden bubble posted:https://videocardz.com/newz/cryptominers-now-selling-geforce-rtx-3060-cards-for-as-low-as-270-usd-after-mining-crackdown-in-china they've probably been beat half to death. still, good news
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Jul 9, 2021 19:56
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That guy is kidding, it's a good post
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Jul 9, 2021 20:13
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Offering used GPUs, memory slightly burned out.
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Jul 9, 2021 20:47
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Used GPU, never played a game.
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Jul 9, 2021 20:54
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https://www.washingtonpost.com/technology/2021/07/08/bitcoin-mining-texas-electricity/ Saw this today in the Washington Post. its about how Texas is seeing an increase in large Bitcoin mining operations to the point the people that run the Bitcoin "mines" get calls from the eletric council in Texas asking them to shut down for a few days since the grid is stressed during high volume times. Since this is not just the USA but Texas it gets even stupider when you learn the electrical council then pays the Bitcoin miners for lost productivity. Just wtf. The article also mentions the operation they followed for the story will double in size in the next 6 months. They try to justify this by saying the Bitcoin "mines" are bringing jobs back to the area but also admits the town lost 2,000 jobs and at best the Bitcoin "mine" has created 100 jobs, which they also admit is nothing compared to what was lost. Good thing the Texas electrical grid is strong and resilient and hasn't had any high profile failures in the past couple of years.
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Jul 9, 2021 21:32
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Fame Douglas posted:Offering used GPUs, memory slightly burned out, backdoor chips soldered on
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Jul 9, 2021 21:38
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Bitcoin is now backed by the full faith and credit of the Texas electrical board.
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Jul 9, 2021 21:39
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The thing they use to make that claim is if your country is falling apart and the banking system is about to collapse and wont let you withdrawal money, you can still buy bitcoin with it and transfer that out. Or so they say. At least that was how people tried to explain it to me. I feel like if your country is collapsing, you might not even have power or a computer to get your money into crypto or get it transferred or do whatever.
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Jul 9, 2021 21:45
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Have you not watched the Book of Eli? Just avoid the highwaymen and roll into barter town to buy a charge for your Iphone with bitcoin.
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Jul 9, 2021 22:02
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nomad2020 posted:Have you not watched the Book of Eli? Just avoid the highwaymen and roll into barter town to buy a charge for your Iphone with bitcoin. No you show your superiority to the highwaymen, show that you are a true captain of industry, by showing how true capitalism works. Then they will doff their caps, bow, and follow you until you dispense them for those that will work for cheaper. And they will be happy for being tossed aside or killed, knowing that they were a part of Bitcoin.
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Jul 9, 2021 22:05
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Before I ask this just let me LOL. Has there been any serious planning in the bitcoin community on how to maintain the network post-internet? Last I knew we gave up on the Bitcoin satellite idea.
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Jul 9, 2021 22:24
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I think they want to run it over shortwave radio so yeah, LOL
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Jul 9, 2021 22:28
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The noble Bitcoin will be venerable enough by then to use like rai stones. I've previously suggested using bits of toilet paper with faces drawn on to track their use off network, but I think we know now that toilet paper will probably be gone before internet.
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Jul 9, 2021 22:38
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Oh, the bitcoin satellite is a thing: https://blockstream.com/satellite/ But, the ground stations are connected to the internet, and its a one way system. So yeah, in a hypothetical post-internet world, it wouldnt do anything.
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Jul 9, 2021 22:42
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The obvious solution is to tattoo your servants with all your transactions. Then peel them every few years for more scar tissue to allow more tattoing
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Jul 9, 2021 22:54
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https://www.tomshardware.com/news/ukrainian-authorities-recover-500-gpus-3800-ps4-crypto-bust I think this is the first time miners have been spotted using jailbroken consoles?
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Jul 10, 2021 00:08
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While officially crypto is banned in China, that hasn't been enforced at all in the past decade. However now https://twitter.com/interlunations/status/1413167704333164546
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Jul 10, 2021 00:46
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