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More like merkin trees. Edit: what a horrible snipe. Here's a picture of one if my cats as recompense. 
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Jun 4, 2023 03:22
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happyhippy posted:Companies realized it wasn't worth it. It was worse than that, I think Valve said they stopped taking it because half of all bitcoin payments were fraudulent. The USD <-> bitcoin conversion doesn't matter if a majority of the transactions are fraudulent, that's such a legal headache. No one wants to take payment in Crime Money.
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Jun 4, 2023 03:33
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As well as volatility in the exchange rate between bitcoins and dollars, there are also substantial transaction fees. Making a transaction on the blockchain itself can involve huge gas fees. To avoid these, you need to involve some sort of middleman who will take his cut (similar to the way bitcoin exchanges shuffle money between users’ accounts rather than recording it on the blockchain). In addition, the payment recipient then incurs extra costs to convert the bitcoin they receive into money they can actually use to pay their bills. As a mass-market transaction mechanism, bitcoin is awful, which is why almost no one uses it to actually buy things.
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Jun 4, 2023 03:39
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Jun 4, 2023 03:40
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SettingSun posted:Companies remembered that they already transact in an established currency and the people they would be attracting by accepting crypto were an astronomically small group and not worth the bother. It's worse than "not worth the bother." One of my fond memories of early bitcoin was a guy with a internet retail business, candles or soap maybe?, that got interested in Bitcoin so he added it as a payment option. Being a strangely competent small business owner he ran A/B tests to see how it impacted sales and simply having the bitcoin option available caused people to leave the site rather than complete the transaction. I don't think he ever got an order paid for with bitcoing. Bitcoiners, predictably, melted the gently caress down.
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Jun 4, 2023 05:19
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MisterOblivious posted:It's worse than "not worth the bother." I believe it was soap. And, after getting no sales, when he removed the bitcoin payment option the bitcoiners doxxed him and sent him death threats.
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Jun 4, 2023 05:30
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Yep, Bitcoin self-selecting for incredibly toxic people with no self-awareness means they immediately poison the well of pretty much anything they actually try to do, and people who have a choice whether or not to engage with them usually don't.
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Jun 4, 2023 06:40
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happyhippy posted:You did have your hardcore believers at the start. That it was going to change the world. RON PAUL! It's been mentioned many times before, but it's absolutely hilarious how a big chunk of the goldbugs went from, "gold is the only real money! Fiat money is just made up by the government!" to something even less substantial.
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Jun 4, 2023 07:09
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Chainclaw posted:It was worse than that, I think Valve said they stopped taking it because half of all bitcoin payments were fraudulent. The info about half the payments being tied to fraud in some form wasn’t made public until a year or two ago when they cited it as a reason for their ban on NFT games.
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Jun 4, 2023 08:12
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istewart posted:It's been mentioned many times before, but it's absolutely hilarious how a big chunk of the goldbugs went from, "gold is the only real money! Fiat money is just made up by the government!" to something even less substantial. One of the most successful bitcoin shops back in the early days was a goon that sold precious and semi-precious gems on bitcointalk. He had a name like "RockHound" with a dog AV and eventually opened an SA-Mart thread.
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Jun 4, 2023 08:54
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istewart posted:It's been mentioned many times before, but it's absolutely hilarious how a big chunk of the goldbugs went from, "gold is the only real money! Fiat money is just made up by the government!" to something even less substantial. In those crypto circles I used to be in there was a distinct hatred for Peter Schiff (huge goldbug), yet they all would also buy gold.
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Jun 4, 2023 10:16
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Foxfire_ posted:Merkle trees are used in lots of useful stuff (many filesystems, git, parts of https, ...) and have been for many years. They're a computationally efficient way to answer "Is this piece of data a valid part of a bigger set?" without having to have the entire set available. Bitcoin also uses them for establishing the content inside some individual block.
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Jun 4, 2023 13:49
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Remember they wanted the blockchain to be stored on satellites. Going to shoot up server racks of memory to store my drug and illegal gun purchases for the rest of time. Slowly filling up, 7 transactions a second. Satellite full? Send up another.
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Jun 4, 2023 13:54
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MisterOblivious posted:It's worse than "not worth the bother."
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Jun 4, 2023 14:03
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i seem to recall some porn sites deciding to stop accepting crypto after a while because it made them seem scummier by association, which drove away customers
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Jun 4, 2023 16:31
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LordArgh posted:i seem to recall some porn sites deciding to stop accepting crypto after a while because it made them seem scummier by association, which drove away customers When an industry known for trafficking and exploitation of people thinks crypto makes them look too scummy you know crypto has an image (reality?) problem.
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Jun 4, 2023 16:41
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Especially notable given porn sites notoriously have problems with most payment processors refusing to serve them and would be a use case for an alternative system of payment, but cryptocurrency doesn't actually do that.
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Jun 4, 2023 16:57
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still laughing about the one guy who was pretending to be a camgirl to shill bitcoins on some sex worker forum and got completely destroyed
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Jun 4, 2023 17:04
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Technomancer posted:Wasn't there a similar thing with the Wikimedia foundation? After many people asked, they decided to accept donations in crypto. Then they decided to stop because not only they just accounted for a minuscule amount of donations, it had a negative effect on the total number of donations made. it was especially good because wikipedia kept doing those "if everyone reading this page donated a dollar we'd reach our goals in a day" sort of ads, and bitcoiners kept yelling loudly that if they just accepted bitcoin they'd reach their goals in minutes, because bitcoiners are so incredibly generous you see.
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Jun 4, 2023 17:10
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There was also a pub in England I believe that accepted bitcoins for a time, and when after getting no usage from it they stopped Bitcoiners crawled out of the woodwork to yell about how they were THIS close to paying with bitcoin and they just lost so much business.
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Jun 4, 2023 17:12
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Foo Diddley posted:still laughing about the one guy who was pretending to be a camgirl to shill bitcoins on some sex worker forum and got completely destroyed I really need screenshots of this
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Jun 4, 2023 19:04
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VitalSigns posted:I really need screenshots of this aww...seems like the site is gone now. Used to be at https://www.stripperweb.com/forum/showthread.php?173251-Have-you-heard-of-this-new-currency-and-way-of-getting-paid-called-Bitcoins
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Jun 4, 2023 19:08
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the internet archive has the thread: https://web.archive.org/web/2021122...called-Bitcoins
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Jun 4, 2023 19:18
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Wasn't that the same guy who didn't know what #include meant? The "horse trader"?
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Jun 4, 2023 19:22
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BrewingTea posted:Wasn't that the same guy who didn't know what #include meant? The "horse trader"? No, #Include/80 year old horse trader who's grand son just told him about TF2 hats was Atlas. He changed his name, moved to french Canada, and became immortal. One of the people that did the pretend to be a woman to convince camgirls to use bitcoins thing was Mircea Popescu, who is now dead 
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Jun 4, 2023 19:43
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Boxturret posted:No, #Include/80 year old horse trader who's grand son just told him about TF2 hats was Atlas. He changed his name, moved to french Canada, and became immortal. Popescu also had a thread here in ask/tell One of multiple prominent bitcoiners mysteriously drowned in the ocean.
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Jun 4, 2023 20:00
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I strongly suspect that at least some of these dead bitcoin billionaires, potentially including Mr. poopscoop, faked their deaths to cash out and escape creditors/disgruntled criminal partners
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Jun 4, 2023 20:53
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DAD LOST MY IPOD posted:I strongly suspect that at least some of these dead bitcoin billionaires, potentially including Mr. poopscoop, faked their deaths to cash out and escape creditors/disgruntled criminal partners Now look, that one exchange owner who had a medial condition where he couldn't eat spicy foods going to India and dying of spicy foods was completely above board, nothing suspicious there.
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Jun 4, 2023 21:15
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Boxturret posted:Now look, that one exchange owner who had a medial condition where he couldn't eat spicy foods going to India and dying of spicy foods was completely above board, nothing suspicious there. I mean, I once ordered a meal at a local Indian place that was an "8" on their scale of spiciness and I felt like I was dying so Imma gonna mark this is myth as plausible.
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Jun 5, 2023 03:10
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Boxturret posted:No, #Include/80 year old horse trader who's grand son just told him about TF2 hats was Atlas. He changed his name, moved to french Canada, and became immortal. I wonder if he ever got the help he needs. I had a friend go through the same trajectory as him. Both dudes were massive stoners sliding into schizophrenia and delusional about becoming the greatest guitar players in the world. At least my buddy could play guitar. Atlas just plucked random notes for hours a day. Somebody pretending to be bad at playing guitar probably couldn't convincingly fake "playing" as bad as he did. Anyway, my old buddy got addicted to meth because he thought it helped him play guitar. Then he got his face broken in a bar fight which eventually lead to a heroin addiction. The last time I looked him up he was a homeless schizophrenic street preacher with a megaphone in Hollywood. Co-addicted to meth and heroin. He thinks that Nicola Tesla is God and that he is Nicola Tesla reincarnated. He's got a Facebook following of other insane conspiracy freaks. Kinda hard to keep track of all of his social media accounts but he was still alive and posting at least until this January.
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Jun 5, 2023 03:28
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MisterOblivious posted:One of the most successful bitcoin shops back in the early days was a goon that sold precious and semi-precious gems on bitcointalk. He had a name like "RockHound" with a dog AV and eventually opened an SA-Mart thread. That was a goon. The gimmick on the bitcoin site was that his prices were all in bitcoin, not dollars-converted-to-bitcoin like most shops that accepted bitcoin. So a rock that was .2 bitcoin today would be .2 bitcoin tomorrow. An appeal to the true believers of the time who still thought of bitcoin as a useful currency.
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Jun 5, 2023 04:20
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Boxturret posted:No, #Include/80 year old horse trader who's grand son just told him about TF2 hats was Atlas. He changed his name, moved to french Canada, and became immortal. I'll always remember Atlas's videos where he recorded his attempts to do something called the uberman sleep system where he would sleep for thirty minutes every few hours and it would always go in the direction of his mom telling him to go to bed or having to sleep in the mcdonald's bathroom during breaks I'd have to go back several years to find it but there was a time where he bought an account to defend himself in gbs and it didn't go well zetamind2000 fucked around with this message at 05:24 on Jun 5, 2023 |
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Jun 5, 2023 04:43
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Remember that dude who tried turning .925 silver into .999 silver by adding a bunch of .999 shot to it and then stamped it .999
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Jun 5, 2023 05:00
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Foo Diddley posted:still laughing about the one guy who was pretending to be a camgirl to shill bitcoins on some sex worker forum and got completely destroyed IIRC that was also the "I'm auditing the client, what does #include do?" guy
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Jun 5, 2023 05:02
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Boxturret posted:There was also a pub in England I believe that accepted bitcoins for a time, and when after getting no usage from it they stopped Bitcoiners crawled out of the woodwork to yell about how they were THIS close to paying with bitcoin and they just lost so much business. Meze Grill was very misleading
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Jun 5, 2023 05:05
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shame on an IGA posted:IIRC that was also the "I'm auditing the client, what does #include do?" guy IIRC it wasn't an audit it was a religious style reading of the source code
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Jun 5, 2023 05:13
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zetamind2000 posted:I'll always remember Atlas's videos where he recorded his attempts to do something called the uberman sleep system where he would sleep for thirty minutes every few hours and it would always go in the direction of his mom telling him to go to bed or having to sleep in the mcdonald's bathroom during breaks no it was better than that, someone here had a debate with him, meaning the guy posted posts directed at atlas here, then atlas posted responses in bitcoin talk, it was magical the goon who did it was iirc something like gnarleyhotep?
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Jun 5, 2023 05:22
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There was also the time the now dead guy offered to buy people accounts here so they could defend bitcoin, and the one person to take him up on the offer immediately just joined in on the bitcoin mocking once he got here
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Jun 5, 2023 05:24
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The Bitcointalk CosbyCoin thing/hack was brilliant. I don't remember how it was done.
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Jun 5, 2023 07:46
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Custom Dog Dick Coffee Table
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Jun 5, 2023 07:47
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