|
Or you could shop at bitcoinstore and let panda figure it out on their own, heh.
|
|
|
|
So the economic growth of the planet is 0? Let me clarify with a simple example.. China $10,000,000 exports - $4,000,000 imports = +$6,000,000 growth USA $4,000,000 exports - $10,000,000 imports = -$6,000,000 recession/decay Real growth is all about the trade balance between countries. Now, if you want to destroy your export jobs you mandate an ever rising minimum wage and put ever rising taxes on energy. This means production has to leave the country to seek cheaper labor and energy costs, thus reducing your export capacity and increasing another countries export capacity. Doesn't it bother you that if all countries were united you would have to say there was no growth no matter how much growth there was? |
|
|
|
Honestly you could do worse than a simple count of shit we don't have to do manually anymore. |
|
|
|
|
Lets play mad-libs.
<Noun> controlled Bitcoin becomes a <noun>
(Alien, telephone)?
(Wind, heart)?
(Beer, trip)?
|
|
|
|
|
Well, in those terms anyone with more than 0 is doing well over the last 4 years :-)
|
|
|
|
So the economic growth of the planet is 0? No, it is negative since we spewed out all that expensive tech into space.  |
|
|
|
|
In a market that is even slightly mature whenever the situation doesn't change and the price goes down the panic will be in the direction of buying before the price goes back.
Lower price on exactly the same thing means a better deal.
It wasn't like that years ago because everyone (obv not everyone) was like "This is Bitcoin and I don't even- OMG maybe it's broken or something- SELL".
|
|
|
|
Someone wins a raffle every time the dude pulls a ticket from the bin, bitcoin mining isn't like that.
True, though let's focus a bit more on the analogy of lottery vs raffle. Every time you increase your nonce and make a hash you have a fixed chance of winning (finding a valid block) regardless of whether everyone else just turned their miners off or if 1000 ASICs just came online. Later (every 2016 blocks) the requirement for a winner will change, but it is always an individual thing in the moment.
So as I understand every nonce increase / hash is a lotto ticket. In a lottery the difficulty doesn't change for any one draw. So with a difficulty adjustment this could be equated with a different lotto draw. I think it is usually assumed that every miner is getting tons of these tickets in proportion to their mining speed, maybe it should be made explicit.
The issue still is that in a lotto draw buying multiple tickets increases your chance of winning but everyone else's probability of winning is unaffected (static winning numbers, prize is divided among winners). I propose that instead of relying on the lottery analogy that we concentrate on a raffle ticket analogy, where it is crystal clear that the more tickets someone gets the higher chance they have of winning compared to someone who just buys one.
What's the difference between buying lot of raffle tickets and buying lots of lottery tickets? In an unlimited raffle draw, when you buy tickets other people's chances decrease (static prize, variable entries). Ok, I'm tired now, but I think I follow. |
|
|
|
mining is work
So is buying and checking 1000000+ lottery tickets per second. Analogy holds :-) |
|
|
|
|
Someone wins a raffle every time the dude pulls a ticket from the bin, bitcoin mining isn't like that.
Every time you increase your nonce and make a hash you have a fixed chance of winning (finding a valid block) regardless of whether everyone else just turned their miners off or if 1000 ASICs just came online. Later (every 2016 blocks) the requirement for a winner will change, but it is always an individual thing in the moment.
I think it is usually assumed that every miner is getting tons of these tickets in proportion to their mining speed, maybe it should be made explicit.
|
|
|
|
|
I don't think there is going to be any one reasonable measure and it's better to think about what you really specifically want to know.
A society full of incredibly productive people working a little bit and developing amazing leisure and gift situations can easily look poorer than a society of long-working life-hating grunts.
Totaling up the currency or currency spent in a GD- like measure is ridiculous imo. Print paper and the 'economy' has grown, amazing. Buy a $78000 toilet, BAM, wealthy society, incredible.
Or suppose 5% more people take their economic activity underground so far as to even abandon 'normal' currency and reporting. Did the society get poorer by that whole amount?
|
|
|
|
Too much negativity associated with bitcoin, at least from my perspective. For all we know, the blocks we solve could come from a bad source or help 'negative' computations.
Weird...
IBM helped Nazis.. their tech probably lives on in your hardware and therefore the blockchain, so... be careful, don't catch Nazism. |
|
|
|
|
I'm just going to accuse them right back. I'll accuse them of Money Whistling. Then we can have a ridiculous conversation about an ill-defined and made up thing, since that's obviously what they wanted. Of course, I'll have an edge since I'm a Money Whistling expert and they've probably not even heard of it before, what amateurs.
|
|
|
|
What's the Reddit Freeroll???
Just a 2BTC freeroll with a password that we'll give out via reddit. There is a Seals subreddit, http://www.reddit.com/r/sealswithclubs that's where the password will be some time on Tuesday. You should post in /r/poker too. Will do, foo. |
|
|
|
I think the response after the hackcrash badly damaged bitcoin's reputation for most people. They saw the reports, and came away thinking, "Ok, so that bitcoin thing is over". A lot of people probably don't even bother with news about it since then. It's just noise.
That doesn't make sense. "Ok so Bitcoin is done now" Bitcoin news item Bitcoin news item Bitcoin news item Bitcoin news item Bitcoin news item Bitcoin news item Bitcoin news item "Seeing Bitcoin in the headlines doesn't surprise or interest me since I know it is over" Ok..... |
|
|
|
badass! Can't wait to see it up!
No doubt, way to take care of business MD. |
|
|
|
What's the Reddit Freeroll???
Just a 2BTC freeroll with a password that we'll give out via reddit. There is a Seals subreddit, http://www.reddit.com/r/sealswithclubs that's where the password will be some time on Tuesday. |
|
|
|
The only thing I want is 1 satoshi to be worth $1 then I can be happy.
There is exactly one way that happens and it isn't how you are thinking. |
|
|
|
|
Every system is going to be susceptible to brute forcing, the answer is just to use more bits to make it hard enough that it ins't worth it or can't be done before the sun dies.
|
|
|
|
Requirements would be:
1. someone to inject this data in to block chain
2. someone creating and distributing a program that can read this data as an image file
3. somone telling you where in the blockchain to find the offending data (a "link")
4. no one to take action to remove the data from the blockchain again
Now, since it's of no use/harm to have data that has the potential to be read by some program, if it never actually is read as such.
This means, that for this to be a real problem, you have to have someone publically sharing the "link" to this information. As long as you can cut the "link" sharing, then the offending data is not a problem on it's own.
A program can be made that will display bad pictures when fed this post as data. You still need: 1. someone to inject this data in to block chain 2. someone creating and distributing a program that can read this data as an image file 3. somone telling you where in the blockchain to find the offending data (a "link") 4. no one to take action to remove the data from the blockchain again You don't need to inject anything. You can write a program that when fed the genesis block it makes an illegal pattern of pixels come up on the screen. So only 2 and 3 need to happen. |
|
|
|
|
Show Posts
