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Aramis posted:On paper, yes. Oh yeah I know that, I just meant that that's how cryptobros want all currency to work anyhow, irrevocable transactions confirmed by strangers showing proof of work instead of being handled by untrustworthy institutions, so what's the problem???
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Jul 26, 2022 22:23
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Code is law. Financial system backed by math. Freedom from corrupt banking institutions and meddlesome government regulators. *fat-fingers life savings into a crashing market* Hello Chase Bank I demand a chargeback!
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Jul 26, 2022 22:27
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Aramis posted:On paper, yes. There is at least one third-party here even if it isn't on-chain and even if Coinbase isn't explicitly showing it. Presumably internally it just matched the ETH purchase from this user with trades out of the ETH-USD order book. When you go to Coinbase and click BUY ETH you aren't actually buying it out of some stock of ETH that Coinbase keeps on hand.
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Jul 26, 2022 22:48
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chargeback the 35,000 bingo bongo no harm done.
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Jul 26, 2022 22:49
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Three Olives posted:One of my favorite rich people things is a lot of them wear fake jewelry. But why, I thought they were rich? Well, you see, you can't just like wear a $500,000 ring around everywhere. So you buy the real ring, have a replica of the real ring made, put the real one in the safe and wearing the fake one is completely OK, because you still own the real ring, even if you don't wear it out to eat where it can get lost or stolen. There was a brinks truck that got heisted a month ago in california that was loaded with individuals' jewelry. Brinks says the payload was worth a few million, the owners of the jewelry are claiming amounts totalling 30 million. It was obviously a setup to scam insurance by some really wealthy people.
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Jul 26, 2022 23:11
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Axie is not living up to the play-to-earn dream it promised: https://time.com/6199385/axie-infinity-crypto-game-philippines-debt/ "Fourteen months later, most Filipino players, including Orias, have exited the game nursing anger and anxiety—and, in some cases, thousands of dollars down. Orias grew to hate playing the game. It was boring and stressful, he says, a common refrain among the dozen players TIME interviewed for this story. “I felt fatigued all the time. I became more aggressive in every aspect of my life,” he says." Sounds like a fun game.
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Jul 26, 2022 23:33
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But I’m confused! I thought play 2 earn was the way for us to finally elevate those savages???
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Jul 27, 2022 00:33
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raspurtin posted:Axie is not living up to the play-to-earn dream it promised: https://time.com/6199385/axie-infinity-crypto-game-philippines-debt/ Wow, if you turn something into a job, people will treat it like a job and not a fun diversion? Ya don't loving say.
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Jul 27, 2022 01:14
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what does staking mean? like, the flexa person was saying that people who stake flexa get paid or something. when a person is ‘staking’ flexa, what exactly is happening?
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Jul 27, 2022 01:40
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- hi
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I hate all these assholes so much.
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Jul 27, 2022 01:41
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https://twitter.com/liron/status/1551738599254773765 People bought into a blockchain investment in "hot spots" on the promise that it would pay rent in the hundreds of dollars per month then got mad when it only paid 20 bucks a month which turned out to be a VC subsidised 1 cent a month.
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Jul 27, 2022 01:42
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Ocean Book posted:what does staking mean? like, the flexa person was saying that people who stake flexa get paid or something. when a person is ‘staking’ flexa, what exactly is happening? its just that rick and mort speech about slavery and capitalism in that on episode, only with coin vocab words. also even the original speech, they dont get that Rick is still the bad guy.
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Jul 27, 2022 01:47
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Unperson_47 posted:I hate all these assholes so much.
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Jul 27, 2022 01:51
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Ocean Book posted:what does staking mean? like, the flexa person was saying that people who stake flexa get paid or something. when a person is ‘staking’ flexa, what exactly is happening? It's very common to have, like mining pools, staking pools where stakes are combined together. Like mining pools, they distribute the gains. *: seems like some may not require fixed-length staking but I'm not sure how that would work well **: they can also get penalized somehow but I'm not sure who adjudicates that Elysiume fucked around with this message at 01:59 on Jul 27, 2022 |
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Jul 27, 2022 01:52
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Ocean Book posted:what does staking mean? like, the flexa person was saying that people who stake flexa get paid or something. when a person is ‘staking’ flexa, what exactly is happening? Staking is basically making a deposit and receiving interest on it. My recollection is Flexa works some predictably stupid way in that the network requires a bunch of deposits on the network in order to be able to process purchases. They cant like, just take money out of your account and put it into Chipotles account when you buy a burrito.
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Jul 27, 2022 01:52
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fez_machine posted:https://twitter.com/liron/status/1551738599254773765 It's like one of those spam emails that is so poorly written so it only attracts idiots. We have 4 WiFi units in the house and our coverage is lovely in the driveway, it costs me $20 to have unlimited data on my iPad, how the gently caress did they think the economics on this were going to work?
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Jul 27, 2022 02:16
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Staking is those networks "priming the pump" so the ecosystem has something in it for things to function.
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Jul 27, 2022 02:16
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Instead of throwing your money into a furnace in hopes someone else will throw money at you, Staking is throwing money into the furnace in hopes that someone else will get money thrown at them.
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Jul 27, 2022 02:24
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thanks everyone, genuinely helpful :)fez_machine posted:https://twitter.com/liron/status/1551738599254773765 lol Ocean Book fucked around with this message at 02:33 on Jul 27, 2022 |
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Jul 27, 2022 02:26
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Gutcruncher posted:Instead of throwing your money into a furnace in hopes someone else will throw money at you, Staking is throwing money into the furnace in hopes that someone else will get money thrown at them. So staking is like when people just gave Kylie Jenner money so she could be the youngest woman billionaire. Cool.
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Jul 27, 2022 02:28
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this is a funny one. https://twitter.com/liron/status/1551738606859046913?s=20&t=VD3uvM9BoA7Xk39CrBLLKg the utility of the token isn’t actually paying people (money does that), the utility is in obscuring the value of the payout. kinda like crystal-bits in a micro transaction game
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Jul 27, 2022 02:31
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Three Olives posted:It's like one of those spam emails that is so poorly written so it only attracts idiots. They are using an IoT type of radio that is lower in frequency and much slower than WiFi, so it can get significantly better range. Haven't used that specific technology, but with the 900MHz band it is feasible to get 1-10 miles in many situations (farther with good network design, siting and equipment). Its still dumb and as someone who works with radio for a living, its irritating that they are crapping this useless junk into the public airwaves.
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Jul 27, 2022 02:51
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Ocean Book posted:the utility of the token isn’t actually paying people (money does that), the utility is in obscuring the value of the payout. kinda like crystal-bits in a micro transaction game Similar to that "get paid for running" thing. Explain the idea with regular money and it's obviously a ponzi. But throw some stupid tokens into the mix and at least some morons will be uncurious enough to believe it could work (because they really want it to)
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Jul 27, 2022 04:48
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I would blow Dane Cook posted:Hard Mode: come up with a non-dystopian use case for blockchain. Anyone said, "instantly knowing who to never talk to again?"
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Jul 27, 2022 04:59
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drk posted:They are using an IoT type of radio that is lower in frequency and much slower than WiFi, so it can get significantly better range. Haven't used that specific technology, but with the 900MHz band it is feasible to get 1-10 miles in many situations (farther with good network design, siting and equipment). I was talking about this in the yos-thread, but yeah, pretty much this. The main problem is that they're trying to do mesh-type stuff for not-internet on a physical layer that: 1) Is purely line-of-sight 2) Is in places like "some assholes home" rather than, say, on top of a tower or a tall building. 3) Is optimized for low power (sub-1w) draw 4) Tops out at about 50 kbit/sec if you max out all the channels. LoRa is a cool tech, and there's some fun Ham-adjacent spaces doing fun stuff with it (LoRa itself works in an unlicensed band so you don't need a Ham license to play with it), but it's not intended for the dumb poo poo they're trying to do with it (yes, yes, LoRaWAN is a thing, but it's clearly intended to be an emergency thing over short-hop, not.... Whatever the gently caress Helium thinks it is).
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Jul 27, 2022 04:59
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LoRa on 900MHz shouldnt require line of sight, though without it range is certainly going to be more limited. With line of sight, most radios are pretty much only going to be limited by noise (hence being able to receive data from spacecraft at the edge of of the solar system sent with a half century old ~25W radio).
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Jul 27, 2022 05:19
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This insane lady bought a Diamond, made an NFT, and destroyed the Diamond to prove her point. The nft has no offers lmao. https://opensea.io/assets/ethereum/0x2a9e4045185c8d778b85610ca96d79bd8ecdc720/1
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Jul 27, 2022 05:28
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FlapYoJacks posted:This insane lady bought a Diamond, made an NFT, and destroyed the Diamond to prove her point. The nft has no offers lmao. LOL what a dummy
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Jul 27, 2022 05:33
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she should make an NFT of herself and then do thing that proves herself right.
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Jul 27, 2022 06:08
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LifeSunDeath posted:LOL what a dummy I don't know, she convinced someone to pay her almost 18 grand for it, and they're the one stuck with an utterly worthless receipt. I'd say she grifted pretty well there.
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Jul 27, 2022 06:16
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FlapYoJacks posted:This insane lady bought a Diamond, made an NFT, and destroyed the Diamond to prove her point. The nft has no offers lmao. Well, she was right. The NFT (as an asset) had exactly the same value (zero) before and after destroying the diamond.
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Jul 27, 2022 06:48
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Pikehead posted:Well, she was right. the system works!
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Jul 27, 2022 06:57
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Neito posted:LoRa is a cool tech, and there's some fun Ham-adjacent spaces doing fun stuff with it (LoRa itself works in an unlicensed band so you don't need a Ham license to play with it) can you expand on this. it sounds cool
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Jul 27, 2022 07:11
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Pikehead posted:Well, she was right. Reflects on her values as well
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Jul 27, 2022 07:46
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If I buy a cheese burger, mint an NFT of it, eat the cheeseburger, sell the NFT, I get more cheeseburgers... Am I getting this right?
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Jul 27, 2022 09:55
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no_recall posted:If I buy a cheese burger, mint an NFT of it, eat the cheeseburger, sell the NFT, I get more cheeseburgers... 
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Jul 27, 2022 10:03
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Whenever anyone explains anything crypto all I see is aaaaaaaaaaaaaaaAaaaAAAAAAAAHHHHHHHHHHH!!!
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Jul 27, 2022 10:14
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FlapYoJacks posted:This insane lady bought a Diamond, made an NFT, and destroyed the Diamond to prove her point. The nft has no offers lmao. From that page:  Hmm, I think I recognize a small flaw in her reasoning...
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Jul 27, 2022 11:31
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Lord_Brand_X posted:Anyone said, "instantly knowing who to never talk to again?" No joke blockchain has been useful for this. Part of my job is looking at public private partnership policy proposals and trying to figure out which are full of poo poo. References to blockchain are rare but save me a bunch of time and brainpower.
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Jul 27, 2022 12:11
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no_recall posted:If I buy a cheese burger, mint an NFT of it, eat the cheeseburger, sell the NFT, I get more cheeseburgers... I’ll gladly pay you an NFT tomorrow for a hamburger today
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Jul 27, 2022 12:18
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