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561  Other / Beginners & Help / Re: I Hacked Bitcoin on: July 14, 2016, 06:00:10 PM
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?
562  Alternate cryptocurrencies / Altcoin Discussion / Re: [2016-07-08] coinfox.info| Ethereum to use hard fork to undo theft from The DAO on: July 12, 2016, 04:03:39 PM
By the way, very few of actual voters did indeed vote compared to total issuance.

Anyway, you have a wedge on the Daily with a recent low a hair above 10. I wouldn't look at that as positive. You have a massive head-and-shoulders that implies a breakdown to levels not seen since February.
563  Bitcoin / Press / Re: [2016-07-11] Bitcoin Mining Proof of Work Costs: Large, Wasteful but Fair on: July 11, 2016, 02:08:52 PM
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.
564  Alternate cryptocurrencies / Altcoin Discussion / Re: [2016-07-08] coinfox.info| Ethereum to use hard fork to undo theft from The DAO on: July 11, 2016, 02:05:19 PM
Hardfork so people can finally move on from all the drama  Cheesy. ETH is popular enough to survive!

About a week ago ETH/USD broke under 10... I wouldn't be so optimistic if I were you.
565  Bitcoin / Press / Re: [2016-07-09] news.bitcoin.com-U.S. Gov’t Announces Blockchain Healthcare Contest on: July 10, 2016, 04:35:37 PM
Just in time to watch the Affordable Care Act implode from lack of young, healthy users paying in insurance premiums.

They should fix their problems before jumping on the "blockchain" wagon. They certainly have enough on their plate...
566  Alternate cryptocurrencies / Altcoin Discussion / Re: [2016-07-08] coinfox.info| Ethereum to use hard fork to undo theft from The DAO on: July 10, 2016, 04:33:20 PM
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.
567  Bitcoin / Press / Re: [2016-07-09]Bitcoin Price Drops Again as Halving Inches Closer on: July 09, 2016, 07:54:35 PM
All the reddit morons and other armchair newbies were predicting doom and gloom at the halvening.

Oh look, blocks are coming in at the same rate, and the price as of this posting is 640 and change.... not exactly a doomsday scenario.
568  Alternate cryptocurrencies / Altcoin Discussion / Re: [2016-07-08] coinfox.info| Ethereum to use hard fork to undo theft from The DAO on: July 09, 2016, 07:53:28 PM
And thus ends the experiment of ETH, where now your money can be stolen by popular decree.

These people actually think by ruining the fungibility of ETH, they will save the ecosystem. What a hilarious tragedy in the making...
569  Bitcoin / Press / Re: NetCents Bitcoin Payment Gateway Partners with BitStamp on: July 06, 2016, 01:02:11 PM
Needs proper date formatting to fit in the News Section.

Also, reads like a PR release, which barely makes the cut as "news". But who are we kidding, most of the "articles" here are thinly-veiled attempts to sell people something. Pathetic.
570  Bitcoin / Press / Re: [2016-07-05] Rethinking Bitcoin's $10 Billion Market Cap on: July 05, 2016, 09:43:04 AM
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.
571  Bitcoin / Press / Re: [2016-07-03] torrentfreak.com| SCENE GROUP ASKS FOR BITCOIN DONATIONS, GETS $0 on: July 03, 2016, 05:42:47 PM
After reading this, all I can think of to say is -- "So what?"

Lots of people ask for donations, not all of them deserve it.
572  Bitcoin / Press / Re: [2016-07-01] Data shows Chinese exchanges accounted for 42% of all tx's this yr on: July 03, 2016, 05:41:50 PM
Clarke and Dawe were right, Aussies aren't good at grasping subtleties.

Onward with the parade of willful ignorance, then.

573  Bitcoin / Press / Re: [2016-07-01] bitcoin.com| Crooked Agent Caught Again: Lyn Ulbricht Speaks Out on: July 02, 2016, 07:16:19 PM
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.
574  Bitcoin / Press / Re: [2016-07-02] news.bitcoin.com-Terminator Rumors of Miner Mutiny Make... on: July 02, 2016, 07:13:50 PM
Where's the announcements showing actual support?

Why reference the same hearsay "article" like its some kind of fact?

Do e-journalists actually do any fact-checking anymore? Did they ever?

This is getting rather ridiculous.
575  Bitcoin / Press / Re: [2016-07-01] Data shows Chinese exchanges accounted for 42% of all tx's this yr on: July 02, 2016, 07:11:35 PM
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.
576  Bitcoin / Press / Re: [2016-07-01] Chinese Miners Allegedly Planning to Hard Fork Bitcoin on: July 01, 2016, 05:19:29 PM
First line:

Quote
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.
577  Bitcoin / Press / Re: [2016-07-01] Data shows Chinese exchanges accounted for 42% of all tx's this yr on: July 01, 2016, 05:17:24 PM
Considering that about 80% of Chinese volume is spoofed fakery, I certainly hope he isn't doing anything important with that data...
578  Bitcoin / Press / Re: [2016-06-30] Croatian crypto enthusiast creates Ethereum-based computer game on: June 30, 2016, 11:40:55 AM
"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:

Quote
... 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!

579  Bitcoin / Press / Re: [2016-06-28] The Inventor of the Merkle Tree Wants DAOs to Rule the World on: June 30, 2016, 11:38:36 AM
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.

580  Bitcoin / Press / Re: [2016-06-28] The Inventor of the Merkle Tree Wants DAOs to Rule the World on: June 29, 2016, 04:50:29 PM
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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