561
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Other / Beginners & Help / Re: I Hacked Bitcoin
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on: July 14, 2016, 06:00:10 PM
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Man, the lengths some folks will go to in order to fleece bitcoin from newly minted cryptonuts.
What the hell motivated you to necro-post on a topic 3 years old? Are you drunk? Or just stupid?
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563
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Bitcoin / Press / Re: [2016-07-11] Bitcoin Mining Proof of Work Costs: Large, Wasteful but Fair
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on: July 11, 2016, 02:08:52 PM
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There isn't anything "wasteful" about securing a multi-billion dollar financial network/asset.
Only a complete moron would suggest that proof-of-work is "wasteful". Its the heart of securing transaction and network security. Most people can't wrap their heads around it, so they come up with idiotic metrics about how power is consumed, etc..
It just points to a fundamental misunderstanding of what Bitcoin is and how it is secured. Frankly, I'm tired of the morons that keep perpetuating the "wasted" stereotype.
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566
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Alternate cryptocurrencies / Altcoin Discussion / Re: [2016-07-08] coinfox.info| Ethereum to use hard fork to undo theft from The DAO
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on: July 10, 2016, 04:33:20 PM
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that it would undermine users’ confidence in the whole Ethereum network.
The alternative is death , in case of death there is no pint of confidence. so its logic that the users will go for hardfork. its the only way users still have something to put confidence in. doing noting would successfully let a small group kill a whole network. Now this has failed The alternative was letting the DAO die, and they should've taken the hit. Now, ETH is linked with the idea that if you don't like how things are going, you can push the 'rewind' button and reverse transactions. That's a pretty bitter pill to swallow, and a lot of people won't bother after finding that out. Rationalizing it in terms of bodies/antibodies/cancer whatever isn't going to help you.
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570
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Bitcoin / Press / Re: [2016-07-05] Rethinking Bitcoin's $10 Billion Market Cap
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on: July 05, 2016, 09:43:04 AM
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Lots of words that could be summarized easily.
Market Cap is a function of Price x Units = Capitalization (Denominated via currency unit of price)
Not all Bitcoins are accessible, some are truly lost, like the man who threw away his laptop hard drive that had a wallet on it.
Every coin lost or "burned" increases the value of the remaining coins that are accessible.
There isn't a problem with this, since the total divisible units is 2.1 Quadrillion, accounting for all coins - so even if some are lost, there is more than enough to go around when Bitcoin's value increases (and user interest along with it.)
Nothing new, just a verbose spin on a topic that has been discussed long ago and put to bed.
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573
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Bitcoin / Press / Re: [2016-07-01] bitcoin.com| Crooked Agent Caught Again: Lyn Ulbricht Speaks Out
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on: July 02, 2016, 07:16:19 PM
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Blah blah blah.
Guess what will happen as a result of this.
NOTHING.
Her son ran a drug empire and he's in jail. That's the consequence in today's society. You can argue the merits of drugs until you're blue in the face, it won't change the law until it gets groundswell support to do so from actual citizens.
Maybe one day he can get out on good behavior, but since he's the example they wanted to uphold as a way to say "don't run a drug empire on the darknet and taunt authorities", I'm not holding my breath on him getting out any time soon.
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575
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Bitcoin / Press / Re: [2016-07-01] Data shows Chinese exchanges accounted for 42% of all tx's this yr
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on: July 02, 2016, 07:11:35 PM
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CIYAM - Stuff it about the "racist" comments.
Its been WIDELY acknowledged by the Chinese exchanges themselves that they are highly competitive and resort to such tricks to lure in customers. Bobby Lee from BTCC has a quote regarding that, I'll let you do the actual legwork to find it.
The bottom line is, during the long listless period before Bitcoin began to rally again, every exchange across the board had average volumes that were ORDERS of magnitude LOWER than a few specific chinese exchanges -- it was painfully obvious the Huobi and OKCoin, among others, were ping-ponging trades between their own bots in their order books to inflate volume figures.
If you can't grasp that, I really can't help you -- and falling back on calling people "racist" just because there are few inconvenient truths paints you as a rather ignorant participant in the Bitcoin trading arena.
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576
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Bitcoin / Press / Re: [2016-07-01] Chinese Miners Allegedly Planning to Hard Fork Bitcoin
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on: July 01, 2016, 05:19:29 PM
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First line: It is important to note these details are not officially confirmed by any of the Chinese mining pools right now. Yeah, so here's how this will go. If there's real support, then announce it prior to it happening. Otherwise, this is just some hearsay and nobody is planning on doing jack shit. The drama that surrounds Bitcoin sometimes makes me wonder who is trying to stir the pot sometimes.
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578
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Bitcoin / Press / Re: [2016-06-30] Croatian crypto enthusiast creates Ethereum-based computer game
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on: June 30, 2016, 11:40:55 AM
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"Wishes he had used a cross-platform language instead, especially one that utilized OpenGL." Seriously, who the hell would create a game in a centralized computing token. Except someone with lots of time to waste, I guess.... Here's how the "fun" looks: ... this game does has no graphic interface and works in the text-based mode. Every city has an index. Thus creating a unit or a building, the player specifies the index of the city where it is happening. Indexation substitutes topography. I can see the users flocking to it in droves now! Oops, its no longer 1985. Well, maybe next time build a time machine first!
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579
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Bitcoin / Press / Re: [2016-06-28] The Inventor of the Merkle Tree Wants DAOs to Rule the World
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on: June 30, 2016, 11:38:36 AM
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I keep seeing more and more projects that are focused on concepts I do not seeing coming into reality in my lifetime. Bitcoin is working.
The next in centralized gobbledegook coins is "Urbit". Where they outline their central computing-esque token in such grand pat-yourself-on-the-back terminology, it makes the Swift whitepaper from Apple seem humble. I don't know what programmers are taking nowadays, but I think the "nootropics" are starting to really inflate some egos out there. Oh, and don't EVER have a language introduction without a 'hello world' example. Its just common fucking courtesy to show people how you do some simple things in your oh-so-amazing-language. Sure, there's plenty of "foo" and "bar" to cover a large buffet table, but once you dive in the the docs its a convoluted garbage pile of new 'verbs' and 'nouns'. Fucking spare me. People are so interested in waving their e-penis around, they don't bother to get to the point, which is FUNCTIONALITY.
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580
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Bitcoin / Press / Re: [2016-06-28] The Inventor of the Merkle Tree Wants DAOs to Rule the World
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on: June 29, 2016, 04:50:29 PM
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He'll find a way to prolong life, but then realize there's a recursive DNA replication error that happens after 110 years. He hopes to 'soft fork' it out and make it so just your hands and feet fall off. Which I guess is better than being totally dead, but marginally so. He'll then suggest a 'hard fork' that will take back any life granted to those that took his flawed implementation, to redistribute it to people who deserve the patched version.
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