LegoPirateNinja posted:

Odds are decent that this arrangement isn't legally enforceable at all and she could probably cash out all of it, dump him, and keep it.

It would cost a couple hundred bucks to talk to a lawyer about it. She should do that.

This is a public service reminder to young people that lawyers still exist, they do offer valuable services, and they are not monsters.

Maldoror posted:

Maoist Pussy posted:

How do I buy a bitcoin and how do I know it is real when I buy it

Also, how many bitcoins do I need to buy cocaine

skaboomizzy posted:

Don't forget the guy back in the super early days that traded 10,000 Bitcoins for a pizza

Rexim posted:

I hear about this happening but I don't get it. Isn't all this based on a public ledger? I don't get how destroying local data translates into destroying bitcoins.

gently caress da Mods posted:

i dont "get" bitcoins which means i am not autistic

Bad Munki posted:

Because magic

Crust First posted:

...and this can only handle about 7 transactions per second (max)...

The Goatfather posted:

also no matter what you think of bitcoin it's still better and faster and cheaper for sending money internationally than western union and moneygram, as long as the recipient can turn it back into money or drugs or something usable at the other end

The Goatfather posted:

not really though anymore

The Goatfather posted:

as long as you're not cashing out tens of thousands of dollars there are a lot of companies operating more-or-less above the board that will instantly turn bitcoins into money for you. Also, in many shitholes around the world it's well worth the hassle for receiving remittances from abroad since the government taxes western union and the mailman steals all the cash in the mail


yeah but I'm talking about former iron curtain shitholes and african countries and poo poo

The Goatfather posted:

you should maybe buy something small in bitcoin sometime it'll dispel a lot of the goony myths about how complicated it is

you can instantly buy bitcoins on coinbase as easily as funding a paypal account and use it to pay for things on amazon for example via bitpay without having to do any of the nonsense you just outlined

The Goatfather posted:

I'm not a bitcoiner...

The Goatfather posted:

SA bitcoin threads are echo chambers of imaginary nonsense just as much as any bitcoin forum

klafbang posted:

Are you also starting to feel that Bitcoin isn't sufficiently retarded in this day and age? Well, good news! Why not introduce the HumanCoin, it's like butts, but requires proof of waste of human life instead of computer time.

quote:

Third, proofs of human work are fair by nature. Professional or rich miners would not have an advantage over regular users.

LordSaturn posted:

Do you have a bitcoin address associated with your name? Cool, I'm going to cut loose with some ransomware that tells the victim to pay you. Now you have to prove that you didn't do it, and if you don't, the state will murder you.

That is what he means.

Harik posted:

Bitcoin XT was none of this, with an added dash of "You don't need the block chain, just trust unverifiable information you request from hostile peer2peer nodes".

List of dumb poo poo:
* blockchain, but bigger. Hello 1tb just to participate.
* Request a "ledger" from P2P that but have way of determining if it's complete or even accurate.
* double-spend broadcasts which will inevitably completely flood the network with notifications and be filtered out everywhere, making them useless.
* "thin blocks" is what block transfers should have been in the first place - just the TXN ids in order so if your peer already has them they can just flesh it out themselves.
* No plans to fix the requirement that we burn 4000 tons of coal each day in busywork.

Like, I fully support XT, because the sheer amount of stupid decisions they've made that enable ever-more hilarious hijinks to occur means the value of comedy can only go up Up UP. They're doubling-down on the mistakes made and trying to apply bandaids to fix them.

There are people out there who've come up with ideas to actually solve some of the problem bitcoin has. Thing is, they don't typically work in bitcoin because it's stupid. Modern distributed filesystems work with syncronizing b-trees over many machines. The guys behind freenet came up with a system where emergent network behavior determines where the authoritative location of data is, decided by the people who connect to you - meaning no matter how many machines you control if your algorithm comes up with a different answer than the rest of the network, it will look there instead. As far as the energy cost - that's due to the winner-take-all approach and big payout for finding a "block". If bitcoin has demonstrated one thing, it's that exponentially scaling arms races of busywork are a bad plan. Push forward research on distributed consensus - that's an insanely useful topic, and cryptocurrency is a notoriously hostile playground - perfect to prove your algorithm works.


Jesus christ, thank you. I know the concept, I've even used it, but I could not loving remember the name of it. The blockchain is like an inbred merkle tree - it works the same way, but only has one branch.

Crust First posted:

The most damning thing about Bitcoin is how nobody who uses Bitcoin uses Bitcoin.

Don't say Bitcoin, say The Blockchain! But Jesus loving Christ, don't wait for transactions to be written to the Blockchain, just accept zero confirmation transactions, nobody wants to wait 10 minutes!

You can buy things for Bitcoin on our site! Just give cash to this company, who will totally give us Bitcoin, except we don't accept Bitcoin, we have them instantly converted to cash.

Buy something from this site with your Bitcoin, and then instantly buy back the difference in cash to keep your total balance from changing! This is good for Bitcoin!

Come trade Bitcoin on our site! Just deposit them into an account we control, and then we'll just do all the transactions internally rather than using Bitcoin or the Blockchain, because that would never scale for the amount of transactions we're doing.