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tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

I would blow Dane Cook posted:

Which data structure should they build a cult around next?

Binary Space Partition Trees!

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tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

D-Pad posted:

Nah, GPUs degrade differently than a car. From what I understand a used GPU used for mining is better than one used for gaming because staying at a constant load instead of tons of up and downs is less bad due to the expansion/contraction of the GPU components as it heats up then cools down.

Riiiight. Just like a used car with lots of "highway miles" is somehow different than a used car with "city miles". Got it.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!
There's no loving way I'll ever buy bitcoin or any other crypto currency until they are SOX compliant.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Subjunctive posted:

My understanding is that Coinbase is SOX compliant now, but why does that make a difference to you?

Do you even know what SOX compliance is? Yeah, it does make a huge difference.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

poverty goat posted:

I'm glad taht tango alpha delta and zaurg can finally buy in. a bitcoin success story :unsmith:

Thank you poverty goat. You make wise words.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Subjunctive posted:

Yes, I’ve been part of IPO preparations before. What specifically do you want that SOX provides? (Versus, for example, just audited GAAP.)

Not really interested in measuring dick size buddy. Here's the comprehensive summary of benefits to investors. SOX compliance is a Good Thing tm.

https://en.wikipedia.org/wiki/Sarbanes%E2%80%93Oxley_Act

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Subjunctive posted:

I agree that it’s a good thing, but it’s oriented around protecting investors, and you aren’t an investor in an exchange. I’m not familiar with any advantages it has for deposit-holders, which is why I asked what you and Zaurg felt them to be.

I don’t care about the size of your dick, I just wanted to learn something.

I'm pretty confident that a CEO couldn't go on vacation to, say, I dunno, India with his wife and then fake his death without a huge investigation - if the Exchange was SOX compliant.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

smellmycheese posted:

Hey it’s me! The guy who left 100k for his dogs but had to get my body incinerated immediately in India rather than pay to fly it home

This is totally Not a Scam tm. Nothing to see here, move along. Hey have you heard of this great new investment opportunity? It's called crypto currency and it's the FUTURE!

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

divabot posted:

i just put up copies of this 5 Live one and the one from CBC Vancouver that I recorded 30 min later, debating with some crypto fan.

also did one on Toronto 640, no recording of that is up as yet though apparently there might be one

also did a Skype piece for CoinTelegraph's youtube, apparently up on Sunday

and a quick chat to the Economist

it turns out a reputation for answering the phone gets you a long way

Thank you!

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

kuddles posted:

It's nice that you and others are getting their critical articles posted, but it's also kind of a typical condemnation of the media where they are willing to give a voice to the nocoiners now that the bubble has burst and not when they were regurgitating talking points of blockchain hucksters declaring it as the future of money and anyone not throwing their life savings into it were fools.

Do you not understand that the media's only bias is readership? They are a business first. Whatever gets more hits is all the media cares about. Keep that in mind every time you read "the news".

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

MarksMan posted:

I actually use more power than just my crypto, because of my 2 cultivation licenses. The crypto is about 79,000kWh/month, which is definitely more than the cultivation facilities. I feel bad about it sometimes :(

I use between 600 and 800 kWh/month for my entire loving house. You are a loving idiot.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Anonymous Zebra posted:

Like ideally I shouldn't do anything online that I don't want to risk losing, but almost everyone pays bills or does banking through an online portal, and most banks require two-factor identification using your phone and receiving an SMS. Some allow you to get your code by email, but that probably is even easier to gain entry to than a user's phone account.

SIM-swapping is some hardcore bullshit because even the most security-concious person has absolutely no control over whether it will happen to them. People can just walk into your phone provider's store and take your number while offering absolutely no proof of ID or any other security measures that you would come to expect from your single most important communication line.

This is why I use a virtual burner phone for all my SMS poo poo.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Subjunctive posted:

how does that help? your phone, virtual or otherwise, isn’t involved in any way with SIM swapping attacks

As far as I know it's pretty difficult to social engineer any personal information about a burner number.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!
There is no way in hell I will ever use any crypto currency exchange unless they are, at the very least, SOX compliant AND IRS audited.

Crypto Currency remains a solution looking for a problem.

What is up with blockchain powered phones? I'm pretty sure that lithium polymer powers smartphones. What kind of bullshit is this now?

tango alpha delta fucked around with this message at 00:21 on Oct 27, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Pochoclo posted:

Yeesh. FOMO really is extremely dangerous to desperate people.

Or literally anyone who wants something for nothing. Accumulating real wealth is actually really boring; it takes sacrifice and decades of investing. Most people get stuck at the "I deserve this new thing" and never get past the credit card debt stage or taking out a secured loan for stupid poo poo that won't matter in ten years.

tldr: accumulating real wealth is a very long game that most people simply don't have the patience for, even though the rules are really simple.

tango alpha delta fucked around with this message at 16:58 on Nov 25, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Goodpancakes posted:

A very long game indeed. You might say, generational

It depends on how much wealth you are talking about. It's very possible for you to become a millionaire in your fifties or sixties. That's a lot of not eating out or owning the latest iPhone though. Don't take my word for it, though, it's just a simple math problem.

No financial windfall is needed or inheritance, just sacrifice and time. Lots of time. The younger you are, the better to invest.

It is very difficult to wait until you are fifty when you have to have that new whatever, but denying yourself makes all the difference in the world.

tango alpha delta fucked around with this message at 17:29 on Nov 25, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Harry Potter on Ice posted:

Very possible.. lol

Of course you can do it. Even though the odds are against you, it is indeed possible.

It's actually more fun to give the odds the middle finger and succeed in spite of everything against me.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Harry Potter on Ice posted:

It was 100% all you and nothing else. Most definitely

What? Of course not, but I've maximized every opportunity that's come my way. That's how you play the game. The only thing that's 100% is what I choose to do with the chances I'm given. I can waste them or take full advantage of them.

tango alpha delta fucked around with this message at 17:40 on Nov 25, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

There Bias Two posted:

Man you sound super tone-deaf right now. gently caress off with this bootstrappy poo poo.

Serious question: what would help you out right now?

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Harry Potter on Ice posted:

New teeth but I'd rather hear about how you did so well minmaxing your life. Can you lay it out for me so I see where I messed up

I'm not attacking you, I have no idea who you are. I wish I could get you new teeth because that sounds very painful. I was just contrasting my experience versus the context of get rich quick stuff like Bitcoin.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Harry Potter on Ice posted:

Right but my math isnt adding up. So far my notes are: dont eat out+dont buy the newest iphone= $1,000,000. What am I missing

Not sure why you are angry. I'd like to help if I can.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Splicer posted:

The point being made is that while you, personally, might be able to become a millionaire in a manner partially attributable to sacrifice and hard work

A) that's not how most current millionaires did it
B) you are probably availing of existing privilege, soft generational wealth as it were
and
C) your probably exploiting people in some horrible manner and externalising the costs of your wealth, directly or indirectly


A) Yes it is. Your millionaire next door is very boring and old and has sacrificed their whole life without hurting anyone. They usually drive a ten or fifteen year old good used car.

B) I have no privilege. My parents divorced when I was a teenager and I've worked since I was eleven years old. My safety net is built up over decades of saving

C)I exploit no one. My investments are all mutual funds.

Anyone can do this without hurting people. That's why it's so cool.

tango alpha delta fucked around with this message at 18:20 on Nov 25, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Harry Potter on Ice posted:

Bud I'm not angry at all I'm just trying to figure out what you you did to make so much money and so far all you've said is dont eat out, dont buy the latest iphone. Can you just do a quick rough writeup like: graduate high school, go to college, get a small loan from your parents to start a biz, sell it or whatever it is you think helped you besides "dont spend"? It just feels like there are a few steps missing you know?

My parents have no money, so I could not rely on them at all. I'm sorry to disappoint you, but "so much money" is made by staying out of as much debt as possible and working and saving for decades. It's really quite boring.

Your education doesn't matter as much as who you know. Well, who you know gets you in the door and what you can do keeps you employed.

Anyway, bitcoins are a ridiculous way to make money.

(USER WAS PUT ON PROBATION FOR THIS POST)

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

poverty goat posted:

the IRS, an agency with no funding, computers, or new hires by design of congress, is never in a million years going to track down every rear end in a top hat who ever withdrew money from a gamgling site. the FBI and DEA get actual funding and it's all they can do to knock off a few sloppy vendors with old fashioned police work when they totally compromise a drug market and have a complete picture of their bitcoin situation, even though millions are flowing through there and it's all on the blockchain

The NSAs Utah Data Center near Bluffdale contains ALL of our phone conversations. I think if the IRS wants you, they can bring in other agencies to find you.

tango alpha delta fucked around with this message at 19:53 on Nov 29, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

orange juche posted:

dude you're gonna get loving nailed to the wall when the casinos get busted for it. Do not gently caress with this, I've heard that jail is not a fun place.

They will go after the casinos, and then they will go after everyone who partook of the illegal online gambling. Conveniently, the blockchain knows you got paid.

The tax man always collects his due.

I've made several trips to jail to visit inmates and can confirm it is a hosed up place. You will come out a changed man. You'll also meet some low level contacts in organized crime, which can lead to low profile shady jobs on the outside, if that's your thing.

Honestly, stay far away from this poo poo.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

poverty goat posted:

They'd still have to backfill a whole chain of investigation that would plausibly connect these dots if they wanted to prosecute you, since this is illegal and would taint the evidence. The IRS just doesn't have the resources for this, or they'd start by taxing all the speculators who successfully gamed the market and got buttrich

That's totally fair. I was just thinking about the IRS going after all the Reddit posters that have bragged about using Bitcoin to commit tax fraud.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

orange juche posted:

Is a reddit post by [deleted] admissible evidence in a federal case? The fact that you can delete your name and content is hilarious to me on reddit.

If you live in one of the Five Eyes countries, all your internet traffic is logged, even by VPN's that claim not to log. As you can imagine, employees sometimes share private citizens information and browsing history if it's really loving funny. They don't care if it breaks the law or violates your privacy because it's "in house". Some of it is really funny, like the time we sent a DMCA take down notice to a young woman for torrenting porn. Turned out it was her boyfriend. Or, judging by the tone of her very angry email to us, her soon to be ex boyfriend.

I used to work for a major ISP. You are not anonymous on the internet. We log everything, so even if some one deletes a bitcoin fraud brag, we have it somewhere and the big data tools to find it pretty quickly if ordered by the legal system.

tango alpha delta fucked around with this message at 21:24 on Nov 29, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Shumagorath posted:

Way to run that red yarn between your response to a DMCA notice and the behaviour of major intelligence agencies :rolleyes:

It's totally OK if you don't believe me. I enjoyed my work. The culture at ISP's and Agencies can be really strange sometimes, even amoral to an outsider. Just be careful on the internet and stay away from bitcoin because it's crazy.

tango alpha delta fucked around with this message at 22:06 on Nov 29, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Khorne posted:

You don't actually have the bitcoin brag. You have metadata that that person accessed somethingawful.com at a specific time. You have sizes of the packets sent. You don't have the contents of his post. You don't have the posts he viewed. You don't even have his account name, because the encryption used can only be compromised by compromising the user's computer or the server. If a backdoor to any of this were to exist it would only be used for really important, state-level poo poo because it's all publicly audited by the cryptography community and it'd be career defining to break any of the mechanisms used. Technically you do have all of that, but it's encrypted and inaccessible. Back in the day all that stuff was visible, too.

For torrents, sure. They are not encrypted in any meaningful way, and anyone can connect and see.

For VPNs, you are placing a lot of trust in the VPN provider but provided the sites you're visiting are secure again they only have metadata.

Metadata can and will be used in court if you do bad poo poo. Especially if there's metadata tying the vpn connection to you, like when you connect to it suddenly your computer is accessing chat programs, facebook, email stuff, etc, that you always access. And from there they can build evidence that it probably was you. They did this with facebook/gmail access from someone who was making threats while hiding behind a vpn. The FBI didn't even have conclusive proof that it was him or the content of anything he sent. Just metadata and the access logs facebook & gmail coughed up. That the user connected to the vpn, accidentally (or automatically) accessed his personal accounts while connected, and the threats happened only when he connected and did those things got him caught.

You are absolutely correct. The big data tools scrape the metadata and then the case is built from there. Other data from other agencies may be brought in, as required. I was oversimplifying for readability, and your post is a much more comprehensive explanation.

To get back on track, bitcoin is a pyramid scheme.

tango alpha delta fucked around with this message at 23:18 on Nov 29, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Wutang-Yutani posted:

I'm not using it to avoid taxes at all, not even sure how you'd do that without risking losing it all in a crash, I try not to hold Bitcoins for more than 12 hours. I'm talking to my accountant soon about how to declare winnings since our tax office website is no drat use at all on the matter.

Anyway the answer to my question was bitpay.

is, uh, real life just too boring for you? oh, yeah, let's gun this creaky old truck over this rocky winding mountain road AND get really close to the cliffs edge at the same time, during a thunderstorm, while completely blindfolded. What could possibly go wrong?

bitcoin is really dumb

tango alpha delta fucked around with this message at 00:13 on Dec 2, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Wutang-Yutani posted:

There's absolutely no point in me explaining my system because: a) when a gambler tells you they have a system your brain (rightly) shuts off and b) as far as I can see no one else has worked it out yet and if it went public there goes my cash cow.

I've run twenty trials of it so far and 20/20 have worked, grossing ~$35,000 while only risking <$500 per trial.
And no it's not betting $500 on black.

Hold on, are you running a simulation against what amounts to a black box or are you actually winning this much money? If it's the latter, there's no loving way someone isn't watching you.

Please be very careful.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Wutang-Yutani posted:

I have considered this- but as I mentioned previously it's not illegal for citizens in my country to gamble online, but it is illegal for companies to offer online casinos to us- the government's really peeved they're not able to get their share of that sweet sweet gambling revenue and so the business operators would be very hesitant to set foot here as I believe they're actually on watch lists for entry in to the country.

Also it's a fairly well camouflaged not particularly easy to detect system and these joints aren't really run by particularly thorough people.

edit: for those asking if i'm running sims or actual trials, yes actual trials with actual money being paid.

You should totally start a Facebook page. I hear all the cool kids share tax fraud/bitcoin gambling tips there.

tango alpha delta fucked around with this message at 03:37 on Dec 2, 2019

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

nullEntityRNG posted:

What's the point of walking off with all the monopoly money? Its not like they can just convert it to cash or something, only trade it for different monopoly money.

Or drugs I guess? And sell those? But that just seems like so many unnecessary extra steps

Nothing bitcoiners do makes any sense, it's like a koan, but for idiots.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Gobbeldygook posted:

Most of those complaints are from around the 2017 bubble.

Their subreddit is far from a "total poo poo show". There are a handful of people bitching about Coinbase enforcing KYC/AML laws and that's about it.

Repeat after me:

Exchanges aren't regulated

Exchanges aren't regulated

Exchanges aren't regulated

There's absolutely no way I would ever advise someone to transfer money into what is essentially a black box with absolutely no accountability.

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

dhrusis posted:

know risk, know reward

dont worry, the risk will go down eventually

Without regulation or accountability, sending money to an exchange is the equivalent of lighting your money on fire. Why is this difficult for you to understand?

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

dhrusis posted:

I agree, I don't recommend storing money on an exchange (although I do believe USD stored on Coinbase is FDIC insured, may be wrong).

Coinbase is safe enough for the average person, I'd say.. not sure I'd go as far as lighting on fire... on what basis? Just sending money to the exchange means its gone? Or some day?

you can't possibly expect to be taken seriously with questions like this

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

dhrusis posted:

meh, not much of a coiner, more just fascinated coder :-)

Sure you are. As someone whose actually professionally deployed production code that affects literally millions of people, I can state with absolute certainty that blockchain barely qualifies as a database; it's a flat file containing sequential encrypted entries; it's not even a linked list or a proper relational database.

Flat file databases are literally the laziest way to store data because for them to be even the least bit useful you need to write a lot of glue code, which is a pain in the rear end.

As with bitcoin and ,unfortunately, like the majority of your poorly informed statements, it's a solution looking for a problem.

Exchanges aren't regulated

blockchain is a poor man's database

Please stop pretending to know what you are talking about, because it's not helping your case.

tango alpha delta fucked around with this message at 15:56 on Jan 30, 2020

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

xtal posted:

There are probably a lot of nerds in this thread with better credentials, so I don't like taking it in that direction. I wouldn't use it as one, but Redis is called a database on Wikipedia, albeit a poor one indeed, and works similarly (no relations; supports append-only-logging; clustering). If it used a secure consensus algorithm, it would be very close to a blockchain. So, it seems like a blockchain could be considered a database as well.

Which kind of adds to my point; blockchain was clearly designed as an academic exercise instead of by people who actually design databases. If blockchain were a real relational database, you wouldn't need to download the entire thing to append your transaction. With a real database, all you'd need to do is upload your transaction AND add a huge encrypted number to a master table in the database and boom, transaction complete.

There, a real programmer has literally just solved 3 of the major problems with Bitcoin; transaction speed, energy requirements per transaction and improved security for the transaction.

Please leave programming to people who know what the hell they are doing.

Please.

tango alpha delta fucked around with this message at 16:21 on Jan 30, 2020

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

xtal posted:

That system would have different properties and security guarantees, which is why it wasn't done that way. (Upload to who? What master table?) Although who knows, maybe the newer coins do it a better and different way.

One thing I'll be clear about is that I'm not saying you should replace Postgres with blockchain, but a blockchain is basically an append-only-database plus secure clustering. The "secure clustering" part may imply "poor man's database" for other use cases.

The "real programmer" stuff is unappreciated, which I tried to hint at before, because my credentials are better than yours.

I'm not really interested in throwing down credentials, because on the internet I could be John Von Neumann for all you know. (That's a programmer joke, by the way; Von Neumann is dead but the computer you are currently using is a Von Neumann machine unless you are posting on some kind of ancient Harvard architecture Cray Supercomputer.)

Seriously though, the fact that blockchain requires so much code to create a new entry means that it just wasn't designed that well. It's like the creators couldn't wrap their heads around how relational databases work and got lazy.

tango alpha delta fucked around with this message at 17:24 on Jan 30, 2020

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tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!

Splicer posted:

I can't remember if it was in the white paper elsewhere but satoshi at one point describes trubcating the chain every so often, snapshotting everything and purging all transactions records before it. He said this was an obvious requirement for a production version of bitcoin, as opposed to the proof of concept he and a few friends were dicking around with.

Purging transaction records is the literal opposite of the entire point of a database. There seems to be more and more evidence that blockchain was designed by people who don't understand how real databases work. The most ridiculous part about all this is that so much electricity and computer hardware have been wasted on this poorly executed academic exercise.

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