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Lmao Nah it's fine actually, if there's a 51% attack the mining pools will balance themselves out and self-regulate. It's only trustless when convenient It's not like one person with $20k to burn could bring down the whole network right? $10 transaction fees are fine and good if someone just spams transactions, they just deserve to have those transactions more than my rent payment because I only added a $9 tip but now my money is stuck in limbo for hours until I can be sure it didn't go through (no, fees) The halvening is actually good because transaction fees and libertarianism or something. Also look at the patterns in this 10 year log-scale chart of a non-exponential function I found on cryptobillionaire2day.biz The economy is too volatile right now, too risky to buy stocks. Better buy crypto instead, much less volatile and less risky Oh by the way, I have no actual BTC, just $800 locked in an exchange balance. But I'll crow anyway about bitcoins being the future of money and/or a great store of value. See? the website even says that it's safe in their TOS Charities should use smart contracts on the blockchain also I huff farts Bitcoins are good for preventing financial crimes like money laundering and fraud There have I caught up to the thread now? Edit: but really which rereg? Too slow of a burn to be seraph
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# ¿ Apr 23, 2020 01:58 |
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# ¿ May 21, 2024 04:19 |
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Motronic posted:I've thrown a lot of poo poo in this thread, but I'm just going to tell you that public cloud service providers do not have that capacity available for some random buyer Uh yes they definitely do, that isn't really near high-roller territory They'll take your money if it's good (can't speak to aws but for gcp anyway) Either way though, if someone wants to do it they can find a way. Look at what that stress test did to the network and transaction fees in a day for like $10k total or something
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# ¿ Apr 23, 2020 02:05 |
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Ad by Khad posted:$10 transaction fees are a thing of the past, noted criminal-in-exile Roger Ver recently released some data showing 28000 different btc transactions where the sender paid more than $1000 as fees Lol seriously? Wow I'm behind the times
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# ¿ Apr 23, 2020 02:22 |
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Fleetwood Crack posted:Just so you know, if you enter a digit wrong it doesn't go through. It's not like the money gets sent somewhere else, it simply doesn't get sent. Bitcoin is very resistant to typos because the addresses contain a built-in check code. So if you had simply mistyped a few of the letters or numbers in the address, it's extremely unlikely the client would let you complete a transaction with an incorrect address. You'd have to paste in another working address. What if I try to send some BTC to an altcoin address like bitcoin cash? One dropdown entered wrong, the checksum is fine, but whoops it's gone forever. That's been a really efficient way of decreasing the total supply though so it's impossible to say if it's bad or not Also wallet QR codes being stickered over in restaurants/stores and website hacks that change wallet addresses are pretty funny. You can even easily have it show the correct address visually but make it copy a malicious one to clipboard! Neat! Be your own bank! Although I guess the business world has moved on from accepting payment with bitcoins because why would a rational investor ever spend a deflationary asset. So maybe those are outdated attacks and it actually is fine, actually
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# ¿ Apr 23, 2020 02:41 |
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Bitcoins are highly fungible in that they can easily be converted into a bag of Amazon gift cards in a parking lot, so that part makes sense
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# ¿ Apr 29, 2020 17:11 |
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Programmable money and smart contracts sound cool, what language is it written in? I should check it out Is it Lua? Actually probably not, likely is a typed language I'd assume It's been years so there's probably lots of examples from successful smart contracts to go off of, got any links handy?
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# ¿ Apr 29, 2020 18:28 |
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Flowers for QAnon posted:It’s fascinating how FC admits he doesn’t know anything about finance or investing, yet immediately has the hubris to think he’s the smartest one in the room on said subject. That's why they're called Dunning-Krugerands
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# ¿ Apr 30, 2020 01:27 |
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If I'm being honest I am really enjoying the "bitcoins are Marxist, actually" take. At the very least that's a new one for me The miners must seize the means of block production from the bourgeoisie mining pools
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# ¿ May 1, 2020 00:17 |
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Fleetwood Crack posted:If you choose to believe bitcoin is a ponzi/pyramid scheme that's fine, but that's simply not the case. Sorry, but I'm not going to engage with you about this as I (and others) have already addressed those arguments in this thread. I wonder what would happen to the bagholders if someone were to cash out 1% of the "market cap" in a short time
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# ¿ May 1, 2020 00:20 |
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Shumagorath posted:Does anyone still do ICOs, or did regulators firmly put a stop to what was a naked attempt at doing an unvetted IPOs "on blockchains"? The SEC prosecuted a bunch of them IIRC
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# ¿ May 1, 2020 00:21 |
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Too bad we can't know whether the price will go up if the global economy starts dying Oh well
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# ¿ May 1, 2020 01:58 |
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Bitcoins are legal in Canada, but if you ever send money to an exchange your bank will close your account within a day or 2 It's not worth the risk, because bitcoins are synonymous with fraud, money laundering, and drugs
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# ¿ May 2, 2020 05:56 |
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bitcoins are a scam bitcoins are a gambling too star citizen bad
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# ¿ May 9, 2020 08:31 |
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Aaravos posted:I think it's unfair to compare one crypto to the entirety of global banking. You'd compare the entire crypto economy's capabilities to it if you were interested in a fair comparison. l'hopital had a word or 2 to say about that a while back. it's in the wiki
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# ¿ May 9, 2020 13:21 |
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it really is something isn't it
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# ¿ May 9, 2020 13:43 |
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doxxing is ok as long as they have a Wrong Opinion, right? like if they're against the Hive Mind Mod Cabal, it's not technically against the rules?
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# ¿ May 9, 2020 13:55 |
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Burt Sexual posted:Wtf makes you think we all read Reddit and I’m not reading that wall of text. Jfc Dude tries to explain ancap to Greek antifascists, who break the Non-Aggression Pact and drag his fascist rear end down the stairs until he cries It's a pro click quote:Eventually one of the guys spoke up and I thought he was Greek, but he spoke English perfectly so he may have not been. He said he knew what anarcho-capitalism was and that we were basically fascists. He asked me if I thought everything should be private. And I said yes. And he asked me if I thought people were unequal. And I told him yes. And that not everyone would have equal rights. I said everyone has the right to own property and not be done aggression against. But that not everyone had to be treated equally by the owners. He said what about immigrants and racism. And I said that would not happen in a free market, but yes property owners could be racist if they wanted to. They had to respect property.
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# ¿ May 10, 2020 20:12 |
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1996 Toyota tercels represent a small percentage of global CO2 emissions, therefore if everyone just trades in for a 1996 tercel we c
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# ¿ Nov 7, 2021 19:06 |
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ymgve posted:it's cryptography magic that allows you to do math on numbers and everyone can verify the math is correct but only the recipient can see the actual numbers asymmetric key encryption is just about 40 years old
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# ¿ Feb 7, 2022 23:39 |
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Hello Sailor posted:Is this thing where some people pretend they've never heard of the word "cryptography" really still going on? It's never been funny. The "crypto" in "cryptocurrency" doesn't mean "cryptography" my dude
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# ¿ Mar 5, 2022 20:37 |
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Lol
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# ¿ Mar 5, 2022 20:57 |
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vortmax posted:No it's crypto as in cryptozooology Ugh I'm so sick of all this nft poo poo
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# ¿ Mar 5, 2022 21:03 |
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# ¿ May 16, 2022 06:47 |
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facts u dislike
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# ¿ Jun 22, 2022 19:22 |
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notwithoutmyanus posted:Hmm? No, I wanted to help develop a project in the naive theory it would work out. Why would it be assumed I wanted to rug? lmao
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# ¿ Jan 7, 2023 21:13 |
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# ¿ Feb 24, 2023 20:57 |
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# ¿ May 21, 2024 04:19 |
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perfect in every way
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# ¿ Apr 15, 2024 23:46 |