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funeral home DJ posted:Even if this wasn’t a mess for the environment and energy usage, and it was free to create NFTs, the drat thing falls apart once you realize that someone else can screenshot your “owned” image and create an NFT for ownership of the same exact image at a different Hyperlink, then sell or license that work for less money. If I’m corpo-shitpants and some dude has a picture of a cartoon monkey eating rear end and wants to license it for $500, what’s preventing me from screen-shotting it, changing two or three colors or reversing the image, and just licensing it to myself for free?
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Nov 7, 2021 08:15
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DerekSmartymans posted:It doesn’t act as an online bank. I would say more like opening a pre-paid line of credit with every single entity you wish to do business with in the future. And it just so happens that any new or unexpected setup takes longer than the BTC multiple confirmations slowing down the blockchain’s built-in transactions. And even set up in advance, if something happens like a price increase (or Bitcoin loss in value) or extra fees or tax or buying an extra small coffee for a friend unexpectedly you may not have funded your specific wallet address and need to add money from another wallet (confirmed a couple of times on chain, just like a new account) or create multiple new wallets to push money back to funding or to a new “for tips” address. A 16 year old living in an urban area might have to pre-fund and de-fund hundreds of new addresses every day, and this “solves” the slow pace of the blockchain? Much less some McDonald’s coffee hour needing access to the chain hundreds of times an hour at seven (theoretical) transactions per second? With the ability to make Bitcoin wallets on the fly? nonono you don't need to prefund a channel to every shop you're going to, mcdonalds will have a channel to starbucks which has a channel to the clothing store you're going to, so they'll just route the payments through there (for a fee)! we just need to solve the small problem of somehow transmitting the constantly changing balances and channels of every node in the network to every other node, finding the most efficient route for your payment and executing it before anything changes in the network to make your chosen route impossible. maybe in the glorious lightning network future everyone just has a channel to a large central payment processor node and then we've invented a regular centralized payment processor with a marathon of extra steps.
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Nov 7, 2021 08:36
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Computer Serf posted:goons are here shitposting while crypto feudal lords bribe the senate username/post combo
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Nov 7, 2021 08:41
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https://twitter.com/progpro/status/1456727717316079618?s=21 Lmao
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Nov 7, 2021 09:27
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"I have anticipated that this argument will be made against me, therefore it is a bad argument," is such an annoying thing online. It has the same energy as "we put the problem in the wiki, therefore it's basically already solved and shouldn't be held against us."
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Nov 7, 2021 10:53
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haha look at these round earthers, they are so mad
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Nov 7, 2021 11:14
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One of the people in my circles is a hardcore plan b follower. It's fairly disgusting to me and they believe Bitcoin is the perfect money etc etc.
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Nov 7, 2021 12:46
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Computer Serf posted:you forgot the part where they know how it works and they put all their effort and work into trying to keep the scheme running Don’t forget Tether adding in BILLIONS OF COMPLETELY ACTUALLY BACKED BY US DOLLARS (no really you guys) CURRENCY whenever the price goes down!
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Nov 7, 2021 14:55
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notwithoutmyanus posted:One of the people in my circles is a hardcore plan b follower. It's fairly disgusting to me and they believe Bitcoin is the perfect money etc etc. NOOOO you can't follow stock-to-flow and make money because... it's just disgusting OKAY
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Nov 7, 2021 15:07
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ghosTTy posted:NOOOO you can't follow stock-to-flow and make money because... it's just disgusting OKAY Actually "idiotic" was the word in our minds. Which you'll quibble with because "Number go UP! True believer who say number go up GOOD!" No one here gives a poo poo about your delusions. Even if you luck onto a profit you'll have wasted years of your life on utter crap, and become by your choices one truly boring shallow self-centred rear end in a top hat.
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Nov 7, 2021 15:37
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BigBadSteve posted:one truly boring shallow self-centred rear end in a top hat. Sums me up when I mined it perfectly, def applies to true believers
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Nov 7, 2021 15:47
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BigBadSteve posted:Actually "idiotic" was the word in our minds. Which you'll quibble with because "Number go UP! True believer who say number go up GOOD!" I've been trying to help you guys for years. This thread is literally a monument to my "delusions" and the coping mechanisms enjoyed by its visitors
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Nov 7, 2021 16:10
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i mean if i'd drink actual monkey jizz if i was as rich as you claim to be
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Nov 7, 2021 16:15
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monkey jizz really isn't all that expensive tho you just gotta know a guy
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Nov 7, 2021 16:24
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ghosTTy posted:I've been trying to help you guys for years. This thread is literally a monument to my "delusions" and the coping mechanisms enjoyed by its visitors It seems like it’s more a monument to you missing the point Even if crypto was secure and not shady at all, it would still be an environmental nightmare that wastes an amazing amount of electricity and produces nothing — even worse, this is happening at a time when we need to be conserving as much as we can. If coiners get the mass adoption of their dreams (which they never will because it’s inefficient and does nothing better than other decades old technology) it will only get worse. I mean… at least other environmentally harmful activity is for an actual nominal purpose. Oil rigs allow for gasoline to be used in global trade, coal keeps people warm and powers people’s homes… crypto is a Rube Goldberg machine Ponzi scheme. It’s just ez money laundering for dummies or other illicit activity. Which you seem smart enough to understand. Which is why the person above said you were a self centered rear end in a top hat. It’s not just you, it was me and it’s everyone else involved with this stupid, pointless shitshow too.
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Nov 7, 2021 16:26
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A Wizard of Goatse posted:monkey jizz really isn't all that expensive tho you just gotta know a monkey
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Nov 7, 2021 16:27
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A Wizard of Goatse posted:monkey jizz really isn't all that expensive tho you just gotta know a guy You gotta make sure it’s legit though and not cut with ape jizz, they do that.
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Nov 7, 2021 16:29
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ghosTTy posted:I've been trying to help you guys for years. This thread is literally a monument to my "delusions" and the coping mechanisms enjoyed by its visitors We don't need help. Needing a get-rich-quick scheme in the first place is not optimal life strategy.
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Nov 7, 2021 16:29
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A Wizard of Goatse posted:monkey jizz really isn't all that expensive tho you just gotta know a guy oh so you work from home?
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Nov 7, 2021 16:29
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ghosTTy posted:I've been trying to help you guys for years. This thread is literally a monument to my "delusions" and the coping mechanisms enjoyed by its visitors While at one time back in the day when JNCOs still ran wild you're advice might have helped some, now you're just doing everyone a disservice keeping them from dumping all their cash into the new hot scam. $TSLA
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Nov 7, 2021 17:03
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tehinternet posted:It seems like it’s more a monument to you missing the point Also the secondary threat is the the ability of crypto to reduce effectiveness of large nations to use their fiat currencies as tools to enforce economic and trade sanctions. The USA would not be happy if crypto adoption suddenly meant they could no longer put pressure on the policies of other countries they consider hostile that rely on trading in the US dollar. Of course some would say that would be a good development, but other countries that use their currencies to manage foreign policy would also be displeased. But since most blockchains are distributed I don't know how the big countries could stop the increased adoption, except mainly thru taxation controls and other means, which appears to still be in development. I assume China managed it's crypto crackdown by checking power usage and network traffic from their utility customers?
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Nov 7, 2021 18:27
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https://twitter.com/CoinersTakingLs/status/1457156043612459009Talorat posted:Is there a crypto system that doesn't rely on burning insane amounts of energy and also doesn't have this rich get richer design? Are those the only top options? Cardano, HOLO, Ripple, Stellar and Tron have a barely noticeable carbon footprint compared to Bitcoin so the first part can be solved. Cardano, for example, emitted around 500 tons of carbon dioxide in 2020. Bitcoin burns 191 tonnes per bitcoin. It's a comical-tragic unsustainable behemoth. The second part is not a bug, but a feature. Edit: Just to clarify, this isn't an endorsement. If you want to gamble, just go to a casino. It's a lot more fun. Mans fucked around with this message at 19:07 on Nov 7, 2021 |
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Nov 7, 2021 18:59
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1996 Toyota tercels represent a small percentage of global CO2 emissions, therefore if everyone just trades in for a 1996 tercel we c
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Nov 7, 2021 19:06
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nnnotime posted:Isn't the Climate Change movement the biggest existential threat to the full cryptocurrency domination over all the other major currencies? As a long as it takes more and more power to mine out a token for the next transaction in the crypto's blockchain, eventually the increased power consumption required would become unacceptable to any regulatory bodies that police excess energy generation and consumption. I'm p sure the biggest threat to to cryptocurrency dominating is the same one GME stonks face on their road to global supremacy
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Nov 7, 2021 19:45
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ghosTTy posted:I've been trying to help you guys for years. This thread is literally a monument to my "delusions" and the coping mechanisms enjoyed by its visitors Hello I started posting in 2016 / 2017 when Bitcoin was $3000 that it was worth mining up a few coins to see what happens. Well. That provoked a strong response and a whole bunch of angry posts and debunking. So we're 5 years on and crypto is way more established than it was. For those of you who read David Gerard's book, have no worries - you can still buy this prescient tome through Amazon or David's website directly. https://www.amazon.com/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581/ Remember, remittances and sending money internationally will never work, lightning will never be a thing, and this book will explain all of that to you. Do you know what the BBC thought of it? “A very convincing takedown of the whole phenomenon” — BBC News. loving amazing, how can you go wrong - read this book and you'll be one of those TAKING DOWN this crypto bullshit. To this day I marvel why David Gerard felt the need to debunk this poo poo so hard, and to be so wrong, and so misguided, and to harm others in the process. But I suspect too much Rational Wiki broke brains, after a decade of debunking everything under the sun one couldn't resist doing this one too. SH/SC uber alles, those IT nerds are going to tell you why this crypto poo poo is a SCAM. Anyway a bunch of walmart employees (that's you, the SA goon reading this) led by some failed IT dorks (that's you, SH/SC crew) spent 5 years laughing at redditors for making money, HODLing and all that other poo poo. Those redditors now have businesses funded with crypto cash, while the SA goons have a half dozen SH/SC regulars that got some good jabs in, The rationalwiki admin sold 500 books to gullible morons, and one dude that rammed a dildo so far up his rear end it required surgical removal - that person also posts the bitcoin rollercoaster pics that you all enjoy so much. On some level I think of this as a monument to the something awful forums. My favorite posts are all the goons who proudly acknowledged they bought this dumbass tome to spite the cryto scammers. Enjoy the legacy of your wise financial decisions  Strawberries motherfucker, have you seen the drying strawberries pic. And finally. Do you know what MT Gox stands for? Well, do you?
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Nov 7, 2021 21:03
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Ham Sandwiches posted:Those redditors now have businesses funded with crypto cash Lol, no they loving don't.
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Nov 7, 2021 21:16
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Sorry about the $3k you lost OP
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Nov 7, 2021 21:17
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Well, at least one dork from YOSPOs bought some internet thing. People coming in fully Jokerfied because they got laughed at for being cryptohounds is always funny. "I have money! I laugh at YOU now! Ha!"
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Nov 7, 2021 21:25
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"You guys said X was awful, but look at X now! It's everywhere"" Great point.
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Nov 7, 2021 21:37
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Number go up and Ham Sandwiches is back... hmm....
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Nov 7, 2021 21:37
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Hey, it’s cool that some people got lucky gambling. I’ve got zero problem with people making a fuckload off of gambling. I wouldn’t have a problem with BitCoin either if it didn’t straight up waste the electricity so nerds can run their Ponzi scheme. The issue is that BitCoin is fundamentally worthless and destructive. That’s it. The killer usecases being ransomware and tax avoidance are secondary complaints. Nobody gives a poo poo about the US being able to manipulate currency, but since you bring that up, how do you feel about Tether completely not manipulating the “value” of BitCoin with totally real and 100% backed by dollars USDT? Trading a government with issues for some assholes who can’t even complete an audit is not exactly decentralization. tl;dr: BitCoin is a scam
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Nov 7, 2021 21:38
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A Wizard of Goatse posted:monkey jizz really isn't all that expensive tho you just gotta know a guy Humans are monkeys so most of the populace has easy access to monkey jizz. It's a wonder we aren't all rich
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Nov 7, 2021 21:38
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lol youre ultra trillioniares with a Ironman Suit from Musk himself, why the gently caress do you care that us peons still dont care.
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Nov 7, 2021 21:40
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PhazonLink posted:lol youre ultra trillioniares with a Ironman Suit from Musk himself, why the gently caress do you care that us peons still dont care. "HAH! You laughed at me! Look at me now! I work for Facebook! I own bitcoin! I drive a Tesla! What do you have?!" 'Uh, self worth that doesn't rely on things people said about me 5 years ago?' 'IONO man, I don't make much but I have a family I love and we go travel and poo poo' 'Nice! I love the Instagram travel photos! I'm still in school but hopefully I can be a public defender someday' 
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Nov 7, 2021 21:48
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PhazonLink posted:lol youre ultra trillioniares with a Ironman Suit from Musk himself, why the gently caress do you care that us peons still dont care. It's pretty easy to read that post and realize its written to the person's high school bullies.
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Nov 7, 2021 21:49
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Ham Sandwiches posted:Anyway a bunch of walmart employees (that's you, the SA goon reading this) led by some failed IT dorks (that's you, SH/SC crew) Hey now, Walmart employees don't deserve this vitriol. Failed IT dorks on the other hand...
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Nov 7, 2021 21:56
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Congratulations on being at an award-winning level of NOT MAD.
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Nov 7, 2021 21:57
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drk posted:I tried to read the wikipedia article and got as far as this image before my brain hurt It's drawn as a hierarchichal diagram but none of the boxes seem to feed into each other. That makes as much sense to me as one of those crazy pizzagate diagrams
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Nov 7, 2021 22:10
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I'm multihop locks
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Nov 7, 2021 22:14
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but I thought coin was non hierarchichal and de centralized.
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Nov 7, 2021 22:39
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