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Author Topic: Bitcoins are not coins at all  (Read 2453 times)
remotemass (OP)
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November 30, 2012, 11:23:49 PM
 #1

Isn't it an irony that bitcoins are not coins at all?
What are your thoughts on this?

{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
AndrewBUD
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November 30, 2012, 11:30:34 PM
 #2

LOL... sweet.. Thanks for pointing it out Smiley


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knight22
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November 30, 2012, 11:32:57 PM
 #3

It's because Satoshi was a poet  Wink

paraipan
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November 30, 2012, 11:36:49 PM
 #4

Shhh let's keep this between us  Cool

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remotemass (OP)
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November 30, 2012, 11:36:58 PM
 #5

poets are forever!

{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
organofcorti
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November 30, 2012, 11:42:55 PM
 #6

Isn't it an irony that bitcoins are not coins at all?
What are your thoughts on this?

Not ... coins? This sucks. I'm quite the numismatist.

I just thought I had to collect enough ninghis to exchange them for a bitcoin. All that wasted real estate.



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BTCKnowledge
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November 30, 2012, 11:44:05 PM
 #7

It is not IRONIC.
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November 30, 2012, 11:54:22 PM
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Cryptoman
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November 30, 2012, 11:57:18 PM
 #9

Isn't it ironic that those people who start the largest number of threads have the least useful things to say?

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December 01, 2012, 12:13:39 AM
 #10

Isn't it ironic that those people who start the largest number of threads have the least useful things to say?

original poster only has 26 posts at last count  Grin

nice of them to post this comment so that the noobs will then go download the OP's book to find out 'what is a bitcoin' on the link in their other thread. now thats what i call subtle advertising.

 

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organofcorti
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December 01, 2012, 12:16:55 AM
 #11

Isn't it ironic that those people who start the largest number of threads have the least useful things to say?

Are you implying the obverse it also true? And that this is a useful thread?


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December 01, 2012, 12:18:25 AM
 #12

Isn't it ironic that those people who start the largest number of threads have the least useful things to say?

Irony is using a word for something other than its literal intention.

The word bitcoin is ironic.

Rain on your wedding day is not ironic, it is just annoying.

People who start the largest number of threads having the least useful things to say is not ironic, it is counterintuitive.

Your use of the word ironic is however ironic.
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December 01, 2012, 12:32:49 AM
 #13

Isn't it ironic that those people who start the largest number of threads have the least useful things to say?

Irony is using a word for something other than its literal intention.

The word bitcoin is ironic.

Rain on your wedding day is not ironic, it is just annoying.

People who start the largest number of threads having the least useful things to say is not ironic, it is counterintuitive.

Your use of the word ironic is however ironic.

irony is a very board term.

you could say selling bitcoins at 12.50 is ironic... or is it moronic? hmmmmmm

Cheesy

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December 01, 2012, 02:55:42 AM
 #14

you could say selling bitcoins at 12.50 is ironic... or is it moronic? hmmmmmm

Cheesy
Moironic?

Bitcoin is a metaphor. You know like how "Federal Reserve" is suppose to give the impression there is a big stash of Gold somewhere to make everything safe.

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December 01, 2012, 10:43:49 PM
 #15

OP has a point, because the term "coin" actually confuses many newbees.

At least that is my experience.
I encountered a constant misconception with almost everyone I talked to.
Most of these people had already heard the therm "Bitcoin" somewhere. So typically they think
  • a bit-coin is a piece, just a piece made up from a sequence of 0 and 1
  • you store those magical bit coin pieces in your wallet
  • miners discover those coins by solving a mathematical problem

Consequently many people tend to dismiss the idea right away, since everyone knows that 0s and 1s can easily be copied. Well -- nothing wrong with that -- it makes a nice starting point to debunk those misconceptions. Anyway, this observation highlights two things: for one, the power of words for transporting concepts, and secondly, it highlights the unconventional nature of Bitcoin.
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December 01, 2012, 10:55:29 PM
 #16

The Dollar comes from the word "Thaler" which was originally an European coin used throughout Europe. But the greenbacks the keep printing ain't Thalers either!!

Money is nominal, it's only a convention what we decided to use to carry the value of a currency - we use bits, they use 'fiat', we mine our coins, they cheat.

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December 01, 2012, 11:01:37 PM
 #17

OP is not original poster at all.  Grin

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December 01, 2012, 11:04:13 PM
 #18

Bitcoins may not be a coins, but I do have a bitcoin coin. 



 Huh
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December 02, 2012, 02:13:22 AM
 #19

Bitcoins may not be a coins, but I do have a bitcoin coin. 



 Huh

Putting a bitcoin into a literal coin is poetic.
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December 02, 2012, 02:21:56 AM
 #20

One definition of coin is simply: money.

So its not ironic really.





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