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cruft posted:I have to admin I haven't been keeping up with this. So I found their web site: Paying that much for famine 
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Jan 7, 2024 22:10
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Trainee PornStar posted:I only use crypto to buy weed so losing credentials would not be that big of a deal but some peoples lives would be ruined. When I used to do cell phone repair, I had a guy come in with a bootlooping iPhone, the fix for that usually being to do a hard reset on it. He wouldn’t let me, since that was the only place he had the credentials for his crypto stored (I think he said something like $40,000 worth), and presumably not backed up to iCloud. Honestly, a cell phone with no backup is probably the worst place to store something like that. At least make an encrypted iTunes backup and back that up in one or more extra places.
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Jan 7, 2024 22:16
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dr_rat posted:and the Ancient Egyptians just carved their bitcoin keys onto big old stone blocks. lol. Look Upon My Charts, Ye Mighty, And Hodl
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Jan 7, 2024 22:22
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PhazonLink posted:that seems amazingly lazy and generic "anime" even among nft poo poo. From what I can you look at a Where's Waldo picture and click on hidden objects, then if you own expensive-enough NFTs they give you lore text when you click on them. And only the 3 people who hold the most expensive NFTs can get all of the lore text. I think that's literally the whole game. e: Oh yeah, sometimes you have to solve captchas too.
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Jan 7, 2024 22:44
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Trainee PornStar posted:I only use crypto to buy weed so losing credentials would not be that big of a deal but some peoples lives would be ruined. I think for anyone who has a life-ruining-amount-to-lose invested in crypto, their lives are already ruined.
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Jan 7, 2024 22:47
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PurpleXVI posted:I think for anyone who has a life-ruining-amount-to-lose invested in crypto, their lives are already ruined. 
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Jan 7, 2024 22:52
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Vesi posted:"last night i bought 5 usb sticks and 2 waterproof boxes, i put the box inside of the other box then the 5 usb sticks in the middle of the box, afterwards i went into my backyard and dug a hole underneath the bird fountain," "so there we have it, I buried a total of 5 bitcoins, i plan to keep it there for 20 years."  I think we've all had USB sticks spontaneously die while sitting in a drawer. Now add a bunch of daily and seasonal thermal cycling into the mix, possibly with significant humidity inside that airtight box, and see how many of those drives are still working in one year, let along twenty. I'm actually kind of tempted to do the experiment; I have some spare flash drives, a tupperware I wouldn't mind sacrificing, and a backyard.
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Jan 8, 2024 00:35
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I had a survivalist roommate and you would be surprised how much stuff doesn't survive being vacuum sealed and buried for awhile unless you are insane about removing any trace of oxygen and/or moisture before sealing it up. The temperature variations are not good too so you need to bury poo poo like 4-5 feet down or more.
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Jan 8, 2024 00:41
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Desert Bus posted:I had a survivalist roommate and you would be surprised how much stuff doesn't survive being vacuum sealed and buried for awhile unless you are insane about removing any trace of oxygen and/or moisture before sealing it up I am sorry to inform you that your roommate would not have survived being vacuum-sealed and buried even if you had removed all the oxygen from them first.
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Jan 8, 2024 00:44
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is that one coiner thats trying to find a hardrive in a landfill still trying to find the HD?
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Jan 8, 2024 00:47
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No they were more the "I wonder if this actually works? I would die in like a day in a real situation." sort of person. They just liked trying things.
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Jan 8, 2024 01:38
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They made it solo for like a week and a half deep into the Bitterroot Range so uhhh... smart but crazy.
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Jan 8, 2024 01:42
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Waking up and discovering the kitchen was covered with a new layer of maps is 100% better than finding out my roommate is a coiner.
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Jan 8, 2024 01:44
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Is Bitcoin still not viable for daily transactions? (groceries?)
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Jan 8, 2024 02:00
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Helluva posted:Is Bitcoin still not viable for daily transactions? (groceries?) Well first you have to move your birdbath and get a shovel...
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Jan 8, 2024 02:02
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Desert Bus posted:Waking up and discovering the kitchen was covered with a new layer of maps is 100% better than finding out my roommate is a coiner. Your roommate is a coiner
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Jan 8, 2024 02:02
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Even if Bitcoin sees mass adoption it will absolutely never be viable for everyday purchases like groceries due to the volatile nature of its value. No one wants to go drop bitcoin on $200 worth of groceries when that same volume of bitcoin might be worth $300 next week, and no vendor wants to accept $200 worth of bitcoin for products when that same volume of bitcoin might be worth $100 by the time they cash it out. It's just plain unworkable as a currency. It functions only as a form of peer2peer gambling, nothing else.
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Jan 8, 2024 02:02
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...! posted:Your roommate is a coiner Ex-roommate and also God told him crypto is a scam and you should invest in knowledge and experience instead.
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Jan 8, 2024 02:05
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Helluva posted:Is Bitcoin still not viable for daily transactions? (groceries?) Even aside from the volatility, transactions sometimes simply fail and regularly take several minutes to process. Imagine the person in front of you at the checkout counter taking five minutes for their payment to process.
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Jan 8, 2024 02:08
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Helluva posted:Is Bitcoin still not viable for daily transactions? (groceries?)
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Jan 8, 2024 02:42
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Trainee PornStar posted:When I got divorced & my ex kept all my stuff, ID included, I managed to get my accounts, driving licence, passport, etc.. & life back. Buying weed with crypto sounds terrible, I'm very curious to hear more about how you ended up in this situation.
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Jan 8, 2024 02:43
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Is there even enough value tied up in crypto to handle the day to day cash churn that takes place with normal currency?
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Jan 8, 2024 02:51
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gay picnic defence posted:Is there even enough value tied up in crypto to handle the day to day cash churn that takes place with normal currency? This is a surprisingly relevant question. On paper, the question makes no sense because a Bitcoin transaction really is akin to a pure cash transfer. The only currency involved is the one changing hands. However, since the protocol cannot and will not ever operate at a rate that will work for that, the only way Bitcoin transactions can actually be done at scale is with some non-bitcoin intermediary (e.g. The Lightning Network). I believe that these intermediaries do indeed have to deal with cash churn and other stuff like that, and I'm pretty sure the answer is lol, not even remotely close.
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Jan 8, 2024 02:56
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The answer is a touch more complicated than that, since the coiner answer is that it doesn't matter because bitcoin is infinitely divisible. If you only had 1BTC in circulation you could hypothetically divide it to the point that a car cost .00000000001 BTC and an apple cost .00000000000000001 BTC. Or however that works out with how many orders of magnitude are between a Honda and a granny smith. In reality that kind of '1 bitcoin is worth 1 bitcoin' answer is bullshit because we exist in a world with multiple currencies and BTC is 1) inevitably denominated in something else as well and 2) used for speculation because it's an inherently deflationary currency plus all the idiot mania surrounding it. So, yes, the real answer is lol no it's not feasible for daily use because of a million problems that have been beaten to death in this thread many times. But there's a theoretical way to use it that coiners always fall back on.
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Jan 8, 2024 03:04
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gay picnic defence posted:Is there even enough value tied up in crypto to handle the day to day cash churn that takes place with normal currency? No in a thousand ways. Such as "in which crypto?" See there's a million of these and plenty are created overnight, get hacked, rugpull, etc. There's no "this one is the one we use for money" concept. There are faster and cheaper transaction Blockchains (Solana for one does thousands of transactions a second for fractions of a penny, see Solanabeach.com to watch a dumb incremental counter of live transactions) and none of that provides any answers to the issue I mentioned above. Not to mention a strong chance your attempt at paying with crypto is frontrun by a bot and your $8 big mac purchase costs you between $16 and all of your money depending on if your wallet was hacked from trying to transact or a billion other problems .
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Jan 8, 2024 03:18
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Imagine going bankrupt because you copied a different address. How come they never implemented something better than copying a Google suggested password? Helluva fucked around with this message at 03:24 on Jan 8, 2024 |
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Jan 8, 2024 03:20
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The first thing to understand is that with crypto what's implemented isn't a payment system so much as an ideology. You're wrapping a payment system around a certain set of core beliefs that are basically non-negotiable -- anonymity, irreversibility, decentralization, lack of social trust. "What if the Byzantine General problem, but it's everyone I've ever met and instead of setting the world ablaze and starting fresh I want to build an economic system where I cannot trust any particular actor?" It's a tortured system for paying people if you have a tortured view of the world. Everything grows from that germ of an idea. No sane payments system would use a write-once ledger that cannot ever be modified. No sane payments system would fight any centralization tooth and nail. No payments system would state as a general principle that no one can be trusted and so we use mathematical conceits to force consensus. And that's the heart of its origins, it doesn't even touch upon the insane grifter and overnight-wealth culture that glommed onto it like a sucker fish to a diseased narwhal with the attractive force of a black hole pulling in a neutron star.
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Jan 8, 2024 03:37
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Helluva posted:Imagine going bankrupt because you copied a different address. All of cryptocurrency can be summed up as "garbage in, garbage out".
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Jan 8, 2024 03:56
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Helluva posted:How come they never implemented something better than copying a Google suggested password? The Holy Whitepaper sprang fully-formed from the forehead of Great Satoshi, perfect and immutable, and Bitcoin can never be changed or updated.
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Jan 8, 2024 04:35
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Except when it is but that was because Satoshi whispered into the ears of the people doing the changes that convenienced them that it was okay.
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Jan 8, 2024 04:37
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vortmax posted:The Holy Whitepaper sprang fully-formed from the forehead of Great Satoshi, perfect and immutable, and Bitcoin can never be changed or updated. Prank of the millenium.
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Jan 8, 2024 04:46
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It still just seems to boil down to a central The Emperor's New Clothes problem. There is no inherent value to anything in crytpo, so it's just a neverending spiral of pretending it does in new and dumber ways. Just because people threw money at a big box of nothing does not mean the nothing has any intrinsic value. I really don't like seeing traditional finance getting anywhere near it, because at any moment it could just collapse. I mean, outside of crime, what actual use does it serve beyond underpinning delusional get-rich-quick schemes?
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Jan 8, 2024 08:09
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Cyrano4747 posted:The answer is a touch more complicated than that, since the coiner answer is that it doesn't matter because bitcoin is infinitely divisible. If you only had 1BTC in circulation you could hypothetically divide it to the point that a car cost .00000000001 BTC and an apple cost .00000000000000001 BTC. Or however that works out with how many orders of magnitude are between a Honda and a granny smith. The bitcoin isn't infinitely divisible, the smallest unit of bitcoin is 0.00000001, this is important because when it goes TO THE MOON and the smallest unit is a brazillian dollars the former nocoiners won't be able to do any transactions, so be sure to buy now so you can transact in the bitcoin future. edit: the smallest unit of bitcoin is a "satoshi", so that's fun. TaurusTorus fucked around with this message at 08:24 on Jan 8, 2024 |
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Jan 8, 2024 08:13
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Helluva posted:Is Bitcoin still not viable for daily transactions? (groceries?) well... shame on an IGA posted:ooo been a while since I looked at this analysis
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Jan 8, 2024 08:22
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Tamba posted:well... You have got to be kidding me.
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Jan 8, 2024 08:24
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CaptainSarcastic posted:I really don't like seeing traditional finance getting anywhere near it, because at any moment it could just collapse. I mean, outside of crime, what actual use does it serve beyond underpinning delusional get-rich-quick schemes? Hey traditional finance likes it's crime and get rich quick schemes! And I mean money laundering they like, if they get some money off it, and their not actually involved in any part of it that could get them into trouble.
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Jan 8, 2024 08:28
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those numbers were a bit offshame on an IGA posted:yeah I'm off by 3 zeroes, corrected below quote:ooo been a while since I looked at this analysis also bitcoin is literally going to the moon https://bitcoinmagazine.com/culture/bitmex-to-send-physical-bitcoin-to-the-moon
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Jan 8, 2024 08:41
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If you aren’t creating the actual cryptocurrency and instead buying somebody else’s currency, then you are a loving idiot. And when I say create, I don’t mean to loving mine someone else’s poo poo.
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Jan 8, 2024 09:02
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spunkshui posted:If you aren’t creating the actual cryptocurrency and instead buying somebody else’s currency, then you are a loving idiot. This is the sentiment of an absolute troglodyte. As a crypto enthusiast, I am very familiar with the principles of cryptography, and one of the central principles is that you are much better off adopting a tried-and-tested cryptographic standard than attempting to make your own. Similarly, you are much more likely to go to the moon by investing in a coin designed by experts to be a lucrative investment. Personally, I chose to invest most of my assets into SafeMoon, which if you aren’t aware, is a project designed from the ground-up such that it is technologically impossible for it to be a scam. It can only go up. I’ve been letting that investment mature for a while, I think I’ll go check on it now! Have fun staying poor.
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Jan 8, 2024 09:17
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oh no
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Jan 8, 2024 09:18
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