|
Salt Fish posted:This is too charitable. Every single dollar "made" off crypto has directly come out of the pocket of a sucker but the goose actually makes something.
|
#
?
Feb 14, 2023 02:56
|
|
|
|
| # ? May 30, 2024 01:22 |
|
|
Apologies, can someone remind me how did the lightning network channels work again? Not the network as a whole, I remember why it doesn't work*, just how a single channel to exchange butts between Mr Butt and Mr Chain quickly**, safely** and cheaply** works. *You just have to solve the NP mapping problem in P time. Or simply recreate a centralised banking system **my statist fiat plastic money is quicker safer and cheaper but  my actual FIAT car is also quicker safer and cheaper
|
|
#
?
Feb 14, 2023 04:48
|
|
|
Omobono posted:Apologies, can someone remind me how did the lightning network channels work again? lightning.core.v0.0.0.1.php posted://Todo: TODO
|
|
#
?
Feb 14, 2023 05:00
|
|
|
Lightning network is basically off-chain. You initiate an on-chain transaction where everyone in the group agrees to put in whatever amount of bitcoins they want. Then all the actual transactions within the group are handled away from the actual blockchain.. usually peer to peer agreements. Then when they're ready to end the it they settle back on the blockchain. There's basic mechanisms for ensuring people don't cheat/lie. But that's the gist. It's quick because you don't need the blockchain to verify the transaction, it's cheap because technically you're not paying any verifiers and it's supposedly relatively safe because there are penalties if you end up being the one they determine to be lying about a dispute.
|
|
#
?
Feb 14, 2023 05:10
|
|
|
guy's trial is in october and he's doing his damnedest to get his bail revoked and thrown in pre-trial detention before then https://twitter.com/ahcastor/status/1625351155307139072
|
|
#
?
Feb 14, 2023 05:31
|
|
|
So lately crypto circles have been big on... NFT's on the Bitcoin Blockchain. I don't know why but they're doing things like ripping off NFT's from other blockchains. Right click still wins. https://twitter.com/LeonidasNFT/status/1623721396088995841 - example. I don't understand the ordinals concept nor do I desire to, but it is where hype appears to currently be. It's too stupid for me to read through.
|
|
#
?
Feb 14, 2023 05:33
|
|
|
drk posted:guy's trial is in october and he's doing his damnedest to get his bail revoked and thrown in pre-trial detention before then NordVPN about to get raided
|
|
#
?
Feb 14, 2023 05:35
|
|
|
Strong Sauce posted:There's basic mechanisms for ensuring people don't cheat/lie. Thanks for the answer, I vaguely remembered all the rest but not how exactly this detail worked. As a lot of things behind the math of Buttcoin, I do remember the implementation being both actually quite clever in a vacuum and absolutely dumb in practice because butters are reinventing the wheel except it's triangular. Not even a nice equilateral triangle, an obtuse monstrosity with two angles under 14. E: That's the network, yes. A single channel "works", see my comment up here in this post about wheels.
|
|
#
?
Feb 14, 2023 05:38
|
|
|
notwithoutmyanus posted:So lately crypto circles have been big on... NFT's on the Bitcoin Blockchain. I don't know why but they're doing things like ripping off NFT's from other blockchains. Right click still wins. What if you got rich for having an early ICQ number?
|
|
#
?
Feb 14, 2023 05:40
|
|
|
Omobono posted:Thanks for the answer, I vaguely remembered all the rest but not how exactly this detail worked.
|
|
#
?
Feb 14, 2023 05:49
|
|
|
notwithoutmyanus posted:So lately crypto circles have been big on... NFT's on the Bitcoin Blockchain. I don't know why but they're doing things like ripping off NFT's from other blockchains. Right click still wins. They helpfully explain in one tweet the only reason anyone would care and why they're pumping this poo poo https://twitter.com/LeonidasNFT/status/1623721407933820928 It could be any garage, all that matters is that people are talking about it and creating the illusion of value and some greater fool will take it off your hands, betting there will be another, even greater fool to hold the bag
|
|
#
?
Feb 14, 2023 06:05
|
|
|
you have to use the CLI (GUI coming soon!)
|
|
#
?
Feb 14, 2023 06:15
|
|
|
Hey guys! I just gave some random guy $50k, lit a couple of wildfires, and he emailed me a couple of urls. The URLs link to tiny bad pictures? I don't understand them it so it's got to be art. And I can click that link to see it whenever I want!
|
|
#
?
Feb 14, 2023 06:21
|
|
|
Boxturret posted:you have to use the CLI (GUI coming soon!) Bitcoin: I slurped my inscriptions with ordinals
|
|
#
?
Feb 14, 2023 07:12
|
|
|
Magissima posted:They helpfully explain in one tweet the only reason anyone would care and why they're pumping this poo poo Yeah, since the ecosystem has largely become self-contained because normal people want nothing to do with it the only source for more fools is internal. It's become an ouroboros of fools.
|
|
#
?
Feb 14, 2023 07:23
|
|
|
CannonFodder posted:Cryptocurrency people do like to keep it under 14. to be fair sometimes exactly fourteen
|
|
#
?
Feb 14, 2023 07:45
|
|
|
Wagmi!!! holy poo poo wagmi   lets loving GO bitcoin GONGO UP
|
|
#
?
Feb 14, 2023 10:42
|
|
|
Ahahahhahaha heeeees baaaaaaack Post some bullshit graphs, GhostTitty
|
|
#
?
Feb 14, 2023 10:58
|
|
|
Magissima posted:They helpfully explain in one tweet the only reason anyone would care and why they're pumping this poo poo  trustless marketplaces
|
|
#
?
Feb 14, 2023 11:26
|
|
|
Boxturret posted:you have to use the CLI (GUI coming soon!) I hammer on the CLI until she GUI
|
|
#
?
Feb 14, 2023 14:52
|
|
|
Cantorsdust posted:I hammer on the CLI until she GUI 
|
|
#
?
Feb 14, 2023 15:03
|
|
|
Magissima posted:It could be any garage, all that matters is that people are talking about it and creating the illusion of value and some greater fool will take it off your hands, betting there will be another, even greater fool to hold the bag "Historical NFT Collector" is a nice little euphemism for "terminal bagholder"
|
|
#
?
Feb 14, 2023 15:34
|
|
|
Cantorsdust posted:I hammer on the CLI until she GUI Mods do the needful
|
|
#
?
Feb 14, 2023 15:51
|
|
|
Magissima posted:They helpfully explain in one tweet the only reason anyone would care and why they're pumping this poo poo Like if you wanted to argue capitalism is good socially including for art, investors should be filling warehouses with NFTs next to piss Jesus and a half dozen Kinkades.
|
|
#
?
Feb 14, 2023 16:20
|
|
|
Magissima posted:They helpfully explain in one tweet the only reason anyone would care and why they're pumping this poo poo "Historical NFT Collector" is a great user name that everyone would immediately put on their ignore lists.
|
|
#
?
Feb 14, 2023 16:26
|
|
|
notwithoutmyanus posted:So lately crypto circles have been big on... NFT's on the Bitcoin Blockchain. I don't know why but they're doing things like ripping off NFT's from other blockchains. Right click still wins. "why I spent 70K dollars in 8 half assed sprites 1/199"
|
|
#
?
Feb 14, 2023 16:31
|
|
|
zedprime posted:The only big business I can think of that is about turning aged rarity into money and doing it with predictable constant profit is wine. And, even then, margins can be thin and vineyards can be frustrating. But... if the grapes were all digital... hmmm
|
|
#
?
Feb 14, 2023 17:18
|
|
|
zedprime posted:The only big business I can think of that is about turning aged rarity into money and doing it with predictable constant profit is wine.
|
|
#
?
Feb 14, 2023 17:30
|
|
|
The Kins posted:Cheese, maybe? Wine, art, and collectibles are all things that are logically at peak utility the day they are made. Time will only ruin them. That's the goal of collectors, let time ruin them so only theirs are left and become valuable for existing out of time.
|
|
#
?
Feb 14, 2023 17:40
|
|
|
notwithoutmyanus posted:So lately crypto circles have been big on... NFT's on the Bitcoin Blockchain. I don't know why but they're doing things like ripping off NFT's from other blockchains. Right click still wins. 45 EH = $69199.65 atm 8 grand each. Some where a single pixel changes. loving madness.
|
|
#
?
Feb 14, 2023 17:50
|
|
|
happyhippy posted:45 EH = $69199.65 atm Yeah thats what boggles me the most. I could buy a decent house here if I had 70K dollars in my bank account Meanwhile these creepy idiots are spending that in stupid ugly jpgs (actually, links to stupid ugly jpgs)
|
|
#
?
Feb 14, 2023 18:00
|
|
|
Elias_Maluco posted:Yeah thats what boggles me the most. I could buy a decent house here if I had 70K dollars in my bank account that's the thing, they don't. they have various digital assets that a website says are worth 70k, with diminishing reliable places to convert them to real money
|
|
#
?
Feb 14, 2023 18:03
|
|
|
Thought I'd check out how the Reddit BBBY people are doing. Bad News: BBBY has lost 2/3rds of it's share price since it was 'Saved' by the deal last Monday. Good News: It's still going to go straight to the Moon. HODL till it's $420 a share! We're all geting lambo's!! My favourite quote from there. quote:Today is the 5th day since 1993 that BBBY has been under $2. If you’re looking to buy, there is no better time than right now. 
|
|
#
?
Feb 14, 2023 18:52
|
|
|
Elias_Maluco posted:Yeah thats what boggles me the most. I could buy a decent house here if I had 70K dollars in my bank account no see what's unique about these is that bitcoin NFTs actually clog the blockchain with the image data
|
|
#
?
Feb 14, 2023 18:54
|
|
|
evilweasel posted:no see what's unique about these is that bitcoin NFTs actually clog the blockchain with the image data Ah, thats why they are extra lovely
|
|
#
?
Feb 14, 2023 18:58
|
|
|
Cantorsdust posted:I hammer on the CLI until she GUI Mods, please?
|
|
#
?
Feb 14, 2023 18:59
|
|
|
Agents are GO! posted:Mods, please change the thread title
|
|
#
?
Feb 14, 2023 19:02
|
|
|
If a joke from the 80s gets into the thread title I'm going to be so disappointed. Wait no scratch that, a joke from the 80s perfectly describes bitcoin.
|
|
#
?
Feb 14, 2023 19:04
|
|
|
https://twitter.com/CGasparino/status/1625475673073635330 this is good for bitcoin also the replies. lol. "everyone who gets one should fight it. they can't fight you all!" is a very easy thing to say when you're not in their sights.
|
|
#
?
Feb 14, 2023 19:07
|
|
|
|
| # ? May 30, 2024 01:22 |
|
|
The US Government: well known for its limited resources. Reminds me of something that happened when I was young... a company had built a big hotel near a residential area in suburban Detroit. They promised the community they would only build the one. Then they decided to build a second next door. They thought they could get away with it because the people living nearby didn't have the resources to fight in court. Except that one of the residents was good friends with Bill Ford... heir of the Ford family. He hired my dad's law firm (the biggest in Detroit) and gave them unlimited resources to sue on behalf of the neighborhood. The company ended up paying a huge settlement.
|
|
#
?
Feb 14, 2023 19:35
|
|
