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drk posted:Its by design, and its that stupid. I just thought of something: was buying model trains online internationally such a cutthroat and scam-filled niche that a “trust-less monetary system” was needed? Is that why it’s still incapable of being trusted at all and scams all the way down; “sins of the father” type of ecological inheritance, or something? Asking for my friend… 
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Dec 5, 2021 01:48
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DerekSmartymans posted:I just thought of something: was buying model trains online internationally such a cutthroat and scam-filled niche that a “trust-less monetary system” was needed? Is that why it’s still incapable of being trusted at all and scams all the way down; “sins of the father” type of ecological inheritance, or something? Modeltrainstuff.com is giving back to the Community! We want to support our users who have helped us along the years. Send model trains to this address, and we will send double the amount in return! Limited to the first 10,000 users! Use the code or address below!! ANY AMOUNT OF TRAINS SENT TO THIS ADDRESS WILL BE DOUBLED AND RETURNED TO THE SENDER! 243-A Cockeysville Rd. Cockeysville, MD 21030 USA
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Dec 5, 2021 01:52
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More like buttcoin! Also in bad news y'all my billions of internet fake money disappeared because I accidentally left my computer unlocked. It's all gone, and there's no security or way to get any of it back. But really, what is the price of freedom? Apparently $3.5 billion internet funbucks.
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Dec 5, 2021 03:26
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Dec 5, 2021 03:41
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Nessus posted:We also had to use the first rickety-rear end beta version of the idea, not any of the ones that were improved to be 'still very wasteful but somewhat less mind-bogglingly so'. Other people have pointed out how this is false, but there is some slight validity re: hardware wastefulness. Bitcoin uses a standard hashing algorithm, SHA256. While this algorithm can be done on CPUs, it was trivially easy to design ASICs specifically do bitcoin mining by running SHA256 as fast as possible. It is only viable to mine bitcoin if you use custom ASICs: it is not remotely possible to mine bitcoin on your CPU or GPU. You must buy a special miner which can do literally nothing besides hash random numbers as fast as possible. There is no way they can be repurposed to do anything useful. There is now a massive industry based solely around building these utterly useless devices whose sole reason for existence is to do guess and check calculations on a massive scale for literally no reason. In contrast, Ethereum and other coins use different hash functions which are specifically designed to be hard to design an ASIC for. I'm no expert, but my understanding is it has to do with memory use and bandwidth: ethash and scrypt both require that miners store a large dataset and randomly access parts of it. That means that the main bottleneck for mining isn't the calculation itself, but memory access, so there's relatively little gain to be had by designing a special ASIC since the chip would spend all its time sitting and waiting for data. The upshot of this is that Ethereum mining is done on standard GPUs. Ok, yes, that sucks because now you can't buy a GPU and all the used ones on Ebay are just failures waiting to happen since they've been burned to hell, but it's slightly less dystopic than the bitcoin endgame. (Though I do have to wonder if some of the modern SOCs would be better for ethash since they integrate the memory and processing so tightly. I shudder to think of the repercussions if someone figures out how to make that work.)
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Dec 5, 2021 04:14
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Dec 5, 2021 06:22
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https://twitter.com/DailyMail/status/1467329394905698309
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Dec 5, 2021 09:46
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https://twitter.com/Megadeth/status/1466488875346505735 Nothing shocking here, Mustaine has always been a dumbass
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Dec 5, 2021 10:07
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It was more depressing when the Rage Against the Machine dude decided the machine was good after all.
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Dec 5, 2021 11:59
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I don't remember that happening. Are you sure you're not thinking of System of a Down?
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Dec 5, 2021 12:08
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Koburn posted:I don't remember that happening. Are you sure you're not thinking of System of a Down?  I originally linked the tweet, but given even glancing at an embedded tweet about crypto/nft is guaranteed to fill your feeds over multiple websites with absolute garbage, have an image instead. Bloodplay it again fucked around with this message at 12:46 on Dec 5, 2021 |
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Dec 5, 2021 12:43
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i made a new nft and if you unspoiler or ctrl c this you owe me $50k buttcoin
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Dec 5, 2021 13:32
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DrPossum posted:i made a new nft and if you unspoiler or ctrl c this you owe me $50k buttcoin I didn’t right click but I hovered lmao get hosed nerd
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Dec 5, 2021 13:35
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Parkingtigers posted:It was more depressing when the Rage Against the Machine dude decided the machine was good after all. Not for nothing, but that happened decades ago.
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Dec 5, 2021 13:38
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Does Morello have a Golden Compass fetish or something?
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Dec 5, 2021 15:35
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chaosbreather posted:You say aglonormative swine but I hear no-coiner right clicker. "independense" surely
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Dec 5, 2021 16:04
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DerekSmartymans posted:I just thought of something: was buying model trains online internationally such a cutthroat and scam-filled niche that a “trust-less monetary system” was needed? Is that why it’s still incapable of being trusted at all and scams all the way down; “sins of the father” type of ecological inheritance, or something? Original Bitcoiners were much more of the libertarian bent - they didn't trust governments and other institutions. Of course any true libertarian will gently caress over their fellow man when it is to their own advantage, so they can't trust each other either. Hence, proof of waste mining, etc. However, the psuedoanonymous / unregulated nature of the system very very quickly attracted other folks that wanted to avoid the government and it didnt take long before basically every type of scammer, hustler, and pickpocket got involved as well.
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Dec 5, 2021 18:37
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sick of Applebees posted:"independense" surely Nah. Pay attention; we say defense because it comes from the Latin fendere, meaning to fend, and fens is somehow what it turned into. But -ence and -ance came later and are used only to turn words into nouns, and independence comes from pendere, meaning to pend. So surely it should actually be indepensence.
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Dec 5, 2021 19:52
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Thank you for your corrections, bhikkus, I had half-remembered a detail. In the end, all cryptocurrency is dumb and bad, for apes and devils.
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Dec 5, 2021 20:17
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tehinternet posted:Because ultimately it’s all based on Tether’s fake billions, sorry, I mean completely legitimate billions that they 100% have. No, really. It’s all there, commercial paper, real audit and everything! The only thing I can see crushing crypto in a meaningful way is regulation, or taxation. Everything else will just be treated as FUD and gains will continue to be supported by pure hype and retail money (aka bag holders who come in later). Given the glacial pace that Government moves - I don’t see this regulation happening any time soon. In conversations with a friend Bitcoin is apparently predicted to be $100k by Christmas (it’s been repeated in this thread too), but that there’s also a “crypto winter” due. The fact there is a chasm between those two possibilities is totally fine though, apparently.
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Dec 5, 2021 21:10
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<big dog t-shirt, he’s mean mugging and holding bitcoins> if you can’t handle the drops get off the rollercoaster
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Dec 5, 2021 21:13
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https://twitter.com/ThetaTendies/status/1466926043399262212 worlds tallest kid loves nfts
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Dec 5, 2021 21:58
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What's the appropriate time to roll out the smug victory memes when it doesn't hit 100k? Is it midnight Xmas day, first thing in the morning or do we have to wait until after Xmas dinner?
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Dec 5, 2021 22:00
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Armitage_Shanks posted:What's the appropriate time to roll out the smug victory memes when it doesn't hit 100k? Is it midnight Xmas day, first thing in the morning or do we have to wait until after Xmas dinner? The price of bitcoin is fully and completely controlled by unbacked Tether. It's a good idea to predict it will collapse eventually, it's a terrible idea to gloat/smug about any given price drop or timeline while the Tether printer can still go brrrr
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Dec 5, 2021 22:23
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Did anyone post this yet? https://www.geekwire.com/2021/tech-entrepreneurs-opening-seattle-nft-museum-to-showcase-digital-artform-in-a-physical-space/ quote:The Seattle NFT Museum, opening Jan. 14, is being billed as the first museum dedicated to the emerging artform in the Pacific Northwest, and will showcase artists and serve as a gathering space for enthusiasts and collectors.
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Dec 5, 2021 22:27
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nomad2020 posted:Did anyone post this yet? So it’s an art museum but exclusively for terrible procedurally generated apes? What even is the point anymore Edit: also does this mean if I steal art off the walls I’m not actually stealing art since the real ownership is floating around in ~the blockchain?~
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Dec 5, 2021 22:31
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nomad2020 posted:Did anyone post this yet? i want to remove CO2 emissions from the trucking and shipping industry so we can put the saved emissions into generating cryptocurrency to fund NFTs.
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Dec 5, 2021 22:38
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"One word" he said putting his arm around Dustin Hoffman. "Apes".
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Dec 5, 2021 22:44
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The first link on their page is to buy $125 tickets to their first event (USD only, no apes accepted). So, like everything else in crypto, its a grift to fleece rubes
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Dec 5, 2021 22:46
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Durzel posted:There’s too many rubes for crypto to truly die, in my opinion. True believers see dips as an opportunity to buy more. They don’t look past that, because anything negative is FUD. The fact that everything gets crushed at the same time as Bitcoin does should be cause for alarm, and raise questions about how independent these coins really are, but it never does. 
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Dec 5, 2021 23:14
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zedprime posted:Its getting super depressing that we are stuck with crypto until we literally eat the proponents following crypto induced climate catastrophe. I'd say maybe a bear market could smother it but junk bonds survived the great recession In NFT speak a bear market means everyone releases ugly procedurally generated pictures of bears.
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Dec 5, 2021 23:18
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zedprime posted:Its getting super depressing that we are stuck with crypto until we literally eat the proponents following crypto induced climate catastrophe. I'd say maybe a bear market could smother it but junk bonds survived the great recession You know that scene in the Book of Eli where Denzel and Tom Waits are bartering. I fully expect to see the same poo poo happen in real life post apoc except the stranger will try to sell pics of lions farting for essentials. "Got any lip balm?" "No, but I got some cats wearing hats though."
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Dec 5, 2021 23:34
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drk posted:Original Bitcoiners were much more of the libertarian bent - they didn't trust governments and other institutions. Of course any true libertarian will gently caress over their fellow man when it is to their own advantage, so they can't trust each other either. Hence, proof of waste mining, etc. A lot of these people are deeply untrusting because they are themselves untrustable. Hence why they are the best examples of why their belief system is nonsensical.
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Dec 6, 2021 04:31
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Armitage_Shanks posted:What's the appropriate time to roll out the smug victory memes when it doesn't hit 100k? Is it midnight Xmas day, first thing in the morning or do we have to wait until after Xmas dinner?
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Dec 6, 2021 05:05
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Strong Sauce posted:https://twitter.com/ThetaTendies/status/1466926043399262212 I had a giant portrait display in my home before it was “cool”.
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Dec 6, 2021 05:46
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nomad2020 posted:Did anyone post this yet? God of course this would be in seattle
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Dec 6, 2021 05:51
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nomad2020 posted:Did anyone post this yet? quote:“The fidelity and size of displays make space for inspiration that smartphone scrolling can’t provide,” Wong said. If only there was a way to view digital images on a screen larger than a smartphone that was accessible to the general public.
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Dec 6, 2021 06:14
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Imagining an entire gallery of color swapped monkeys arranged like Warhol paintings and I want to vomit.
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Dec 6, 2021 06:18
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down n out posted:Imagining an entire gallery of color swapped monkeys arranged like Warhol paintings and I want to vomit. Andy would be proud
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Dec 6, 2021 06:25
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well if you did vomit, andy would be proud
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Dec 6, 2021 06:26
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