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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368619 times)
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June 08, 2022, 12:37:10 AM

KFC Australia is swapping lettuce for cabbage. What's next, swapping chicken for soylent green?

https://www.bbc.com/news/business-61714989

Quote
On its website KFC Australia said: "Due to the recent floods in NSW [New South Wales] and QLD [Queensland] we're currently experiencing a lettuce shortage. So, we're using a lettuce and cabbage blend on all products containing lettuce until further notice."

Surprised they are giving a reason that is localised rather than claiming 99% of all lettuces in Australia are normally imported from Ukraine.

They've stopped giving a reason. Their site's been down since the cabbage swap hit the news.

https://www.kfc.com.au/
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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June 08, 2022, 12:39:41 AM
Last edit: June 08, 2022, 01:43:17 AM by philipma1957

If someone could not find the link:

https://www.lummis.senate.gov/wp-content/uploads/Lummis-Gillibrand-Section-by-Section-Final.pdf

EDIT: this is just an overview, schucks!
EDIT2: here is the actual bill: https://www.lummis.senate.gov/wp-content/uploads/Lummis-Gillibrand-Responsible-Financial-Innovation-Act-Final.pdf
EDIT3: $200 exception IS inflation-adjusted number! NO person is required to use an intermediary (self-keeping is in the text).

The $200 exception is huge.




all below was bad analysis.

dca $50 a day for 1000 days in a row.

hodl another 1000 days.

then withdraw $50x 1000 days in a row.

I read it that if those sales were done how I said each day of 50 which say turned into 240 would be tax free.
as all 1000 transactions in would be separate 1000 transactions out.

or a more simple way. is

50 a week in for 200 weeks
hodl for 200 weeks
and withdraw fifty a week plus gains up to 199 for 200 weeks.



But there are ways This may help.
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June 08, 2022, 01:03:29 AM


Explanation
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June 08, 2022, 01:13:23 AM

KFC Australia is swapping lettuce for cabbage.

https://www.bbc.com/news/business-61714989

Quote
On its website KFC Australia said: "Due to the recent floods in NSW [New South Wales] and QLD [Queensland] we're currently experiencing a lettuce shortage. So, we're using a lettuce and cabbage blend on all products containing lettuce until further notice."

What's next, swapping chicken for soylent green?



Is this stuff made from "high-energy plankton gathered from the oceans of the world"?




I really need to see that soylent green movie.   Roll Eyes  Roll Eyes
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June 08, 2022, 01:54:35 AM
Merited by El duderino_ (7), vapourminer (1), JayJuanGee (1)

I read the bill a second time and realize it will help btc to be spent as money.

My alt has a good post here:

https://bitcointalk.org/index.php?topic=5378628.msg60311442#msg60311442

the gist of it is buy $100 worth of btc in your paypal account let it sit till it goes to $299 worth of services

or merch spend it and the 199 gain vanishes.

pretty sure that is a correct analysis.

Now if you purchased a 12000 dollar btc at paypal which I think was possible  you can spend like 280 one time for sure and no gain. But I am thinking you cant do it a over and over and get the exemption.

If you added btc in small pieces to you paypal account I do think you could get a ton of gains of 199 or less maybe not have to read it more.
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June 08, 2022, 02:01:21 AM


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June 08, 2022, 02:03:54 AM
Merited by JayJuanGee (1)

AlcoHoDL, my apologies for the accidental diversion from your nifty MATLAB thingie.  I was mulling that, writing a reply...  Blame PHP for existing.  Blame PHP for corrupting the world.

Now, Wilhelm, look what I got started you got started here:

There is no other language like PHP.  It is undoubtedly the worst programming language that has ever achieved widespread usage.

If we were discussing, say, Javascript, I would acknowledge its strong points.  Sure, the language has some flaws; sure, the Node ecosystem sucks and the browser ecosystem sucks worse; sure, a large proportion of Javascript “programmers” are clueless copypaste monkeys who should be forbidden from ever touching a computer.  But Javascript is not a horrible language, in itself—at least, not in recent ES editions.  I even admit that I sometimes enjoy writing Javascript code.  And there are some Javascript experts who can do wizardry with it.

PHP is categorically horrible.  PHP is an abomination.  Next-door’s advocacy of PHP is like Elon Musk’s claim that Dogecoin is superior to Bitcoin;* well, it does show that Next-door is just like Elon Musk!  Anyway—PHP is bad, bad, bad.  End of story.


* Link that I dug up yesterday for other purposes not yet published... lol.  (Analogy added with edits.)

Typescript is a facade to hide the awfulness that is called JavaScript.
But yes typescript does make JavaScript look like a proper language.

It will eventually be well-known that on the rare occasions when I recommend a video, it is worthwhile to watch.

https://www.destroyallsoftware.com/talks/the-birth-and-death-of-javascript

However I dislike any language with dynamic types where a monkey abuses variables.

In principle, I tend to agree with you; and I have a deeper grudge against Javascript for other reasons, stated below.  As to the types, however, I have seen D. Richard Hipp argue persuasively for dynamic typing (or rather, lack of typing) in TCL, and for his beloved duck-typing in SQLite.  He could handily wipe the floor with me for competence in my native language, C.  Thus, I am in no position to lecture him about the virtues of static typing.

As for the JS monster itself, I used to wonder why such a C god as Fabrice Bellard seems to have a longtime fetish for Javascript.  OK, he sometimes does weird things that break rules.  Well, I tried JS—just a little bit.  Mmmm.  Tasty.  Fun.  Seductive.  Except for Typescript, IMO; I dislike Typescript.  If I want a statically typed language, then I will use a real statically typed language, as Real Programmers(TM) almost always prefer!

Now, there is out there somewhere a rapid-development, easy-to-use language with an excellent type system that combines the best aspects of static and dynamic typing (plus multiple dispatch—and by the way, it also has an almost LISP-tier powerful macro system).  But this discussion is getting too far afield.  Back to Javascript.

The real problem that you state is the monkey part.  Javascript is monkey-magnet.  The browser ecosystem and the Node ecosystem both try to make it as easy as possible to become a so-called “coder” or “developer”.  Their worldview is that everyone should learn to code!

What that means in practice is that teeming masses of incompetents with absolutely no grasp of basic concepts copy and paste code examples to mash together something that sort of works.  Ethereum and EVM clones have the same self-inflicted problem with Solidity.  (And now you can see one reason why I was attracted to Solana, much though I loathe Rust; I spent days and sleepless nights reading rusty code, to learn enough of the undocumented aspects of the runtime to write useful programs in C.  I’d heard that the ecosystem is corrupt; and now, I want to burn it to the ground.  But I will not ask anyone’s permission to exercise my desire to do some on-chain programming in C.)

Call me old-fashioned.  Call me elitist.  Whatever.  I firmly believe that before “learning to code”, one should do at least a tiny bit of something called “studying”.  Learn the fundamentals.  I don’t mean to require a university degree in computer science.  I mean, learn at least a little bit about how computers work.  Similarly as for “blockchain”:  People do NOT have a right to pronounce technical opinions about “blockchain”, unless they have studied at least a little bit about distributed consensus, database theory, the CAP Theorem, fault-tolerance and Byzantine fault-tolerance, etc., etc.  If what I just said looks like alien gibberish, then STFU and DO NOT OPINE ABOUT “BLOCKCHAIN”.  Not on a technical level.  Don’t you dare.  I have recently seen some stupid shills make mathematically impossible claims about POS consensus (never mind its economics).  Don’t you dare!

All that being said, my biggest grudge against Javascript is how it has completely destroyed all concepts of privacy and security.  Please contemplate this solemnly for a full minute:  People are running network-loaded executable code from arbitrary sources—without even an audit trail preserving a postmortem record of what just got executed!

Javascript has CORRUPTED THE INTERNET.  Obviously.  In so many ways, about which I could write a book.  Worse, and more subtly:  Javascript has also inflicted mass brain-damage.  If I see even one more installation guide that uses curl | sh (or worse, curl | sudo sh), I will [GRAPHIC DESCRIPTION OF EXTREME ULTRAVIOLENCE REDACTED].

Javascript brainwashed people to think this way:  To run network-loaded code straight off the wire from random strangers, without even keeping an audit trail that lets you figure out how you got pwned.

Javascript has corrupted the security morals of an entire generation of youths.

P.S., Wilhelm, I wish that I could find more developers with the no-nonsense attitude that you hereby express.  They seem rare.  I link that less to spam for my thread, and more to suggest that perhaps this discussion of programming is more on-topic over there.

That said languages like PHP and JavaScript have become the top in their domain even though they are flawed.
Just like VHS won from Betamax (because of p0rn).
And just like Bitcoin because it has been adopted by the majority...

Eh, the difference with Bitcoin is that Core turned it into serious financial software—engineered for reliability, and made with security as a process.  The amount of time I have recently spent lurking in smart-contract chain Githubs has given me a new, ever more profound appreciation for Bitcoin Core, a.k.a. “software that you can trust not to blow up and lose your money”.


PHP is categorically horrible.  PHP is an abomination.  Next-door’s advocacy of PHP is like Elon Musk’s claim that Dogecoin is superior to Bitcoin;* well, it does show that Next-door is as smart and as credible as Elon Musk!  Anyway—PHP is bad, bad, bad.  End of story.

You either must have been constipated for years to come up with so much bullshit or lost a PHP programming job to a far better programmer and you're very bitter.


A bad workman blames his tools!



LOL.  Did I say something that hit you close to home?

The way that you scream at me, you come off like a shitcoiner who is furious at being told that no matter what you may wish, no matter what you believe, SHIB will not flip BTC.

Try reading the eev.ee essay that I linked above, if you are capable of that.  It answers the cliché non-argument that you parrot as an article of faith, and many others.  Then, for the sake of all that is good and decent in this world, you should never again attempt to write a line of code in any language.  Some good programmers started with PHP, due to circumstances; no one who is so ineducable as you could ever become a good programmer.
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June 08, 2022, 02:21:20 AM
Last edit: June 08, 2022, 02:36:46 AM by philipma1957

snip - …





https://www.destroyallsoftware.com/talks/the-birth-and-
As for the JS monster itself, I used to wonder why such a C god as Fabrice Bellard seems to have a longtime fetish for Javascript.  OK, he sometimes does weird things that break rules.  Well, I tried JS—just a little bit.  Mmmm.  Tasty.  Fun.  Seductive.  Except for Typescript, IMO; I dislike Typescript.  If I want a statically typed language, then I will use a real statically typed language, as Real Programmers(TM) almost always prefer!

Now, there is out there somewhere a rapid-development, easy-to-use language with an excellent type system that combines the best aspects of static and dynamic typing (plus multiple dispatch—and by the way, it also has an almost LISP-tier powerful macro system).  But this discussion is getting

You either must have been constipated for years to come up with so much bullshit or lost a PHP programming job to a far better programmer and you're very bitter.


A bad workman blames his tools!


[/quote]

LOL.  Did I say something that hit you close to home?

The way that you scream at me, you come off like a shitcoiner who is furious at being told that no matter what you may wish, no matter what you believe, SHIB will not flip BTC.

Try reading the eev.ee essay that I linked above, if you are capable of that.  It answers the cliché non-argument that you parrot as an article of faith, and many others.  Then, for the sake of all that is good and decent in this world, you should never again attempt to write a line of code in any language.  Some good programmers started with PHP, due to circumstances; no one who is so ineducable as you could ever become a good programmer.
[/quote]

Doge has some potential due to the shrinking inflationary technique it is using . Not my idea but a year or so Ago a wo poster explained the idea that doge is doing may have some value.

year 1 = x
year 2 = 2x oh my god 100% inflation
year 10 = 10x
year 11 = 11x only 10% inflation
year 50 = 50x coins
year 51 = 51x coins only 2% inflation
year 100 = 100 x coins
year 101 = 101 x coins only 1% inflation

doge meets in the middle when compared to $ or BTC

I am anti pos and hate eth even don’t like ltc much

but doge’s shrinking inflation rate is still interesting to me.

SHIB is a joke.

I do agree with that.
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June 08, 2022, 02:22:23 AM

LOL.  Did I say something that hit you close to home?

Not at all. But I can smell bullshit and what you are writing on this forum is exactly that.

Anyway, ignore it is for you with your claptrap.
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June 08, 2022, 02:45:04 AM
Merited by fillippone (3), JayJuanGee (1)

I am going to be pissed off if I bite into any bolts, nuts or washers when eating my fillippone-prepared pizza.

#justsaying.

Would you mind if you bite on a gold-coated BTC Bitcoin-themed Washer?

@JayJuanGee, And He already won the Pizza Contest. Congratulations Fillippone for winning the contest. Did he send you a fresh slice of his self-made pizza? The Pizza Badge is shining under his name. Looks cool.

Congratulations Fillippone for winning this year's Bitcoin Pizza Day bake off contest!

Thank you everyone for participating and for the people just tuning in, this is the third edition of this contest and while the rules were mostly unchanged, I'm thinking of spicing things up next year!
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June 08, 2022, 02:58:43 AM

“BitcoinBunny”, your arguments are fully analogous to a SHIB bagholder telling me to “have fun staying poor”.  OK.



Doge has some potential due to the shrinking inflationary technique it is using . Not my idea but a year or so Ago a wo poster explained the idea that doge is doing may have some value.

year 1 = x
year 2 = 2x oh my god 100% inflation
year 10 = 10x
year 11 = 11x only 10% inflation
year 50 = 50x coins
year 51 = 51x coins only 2% inflation
year 100 = 100 x coins
year 101 = 101 x coins only 1% inflation

doge meets in the middle when compared to $ or BTC

I am anti pos and hate eth even don’t like ltc much

but doge’s shrinking inflation rate is still interesting to me.

I am not categorically against all use of inflationary currency; and I don’t actually hate Dogecoin.  I make fun of Dogecoin, because it’s—well, it’s asking for it.  I switched my rhetoric to SHIB, because Dogecoin does not deserve to be compared to PHP.

In the abstract, I think that there is space for a deflationary currency (Bitcoin), and perhaps an inflationary thing with certain uses (not DOGE), in tandem with a price-stable currency.  I’ll omit details here, for such a general economic discussion is off-topic for WO.  Suffice it here to say, the above-quoted argument would seem much more sensible to me if any non-Keynesian explanation were given of why DOGE should have any indefinitely-ongoing inflation at all.  Are people just that dumb?  No, wait:  Don’t answer that.

On another note, Elon Musk was either stupid or malicious to call DOGE a better currency than BTC (!).  Given that he not only jumped on the “too much energy” bandwagon near the same time, but even gave it a push to launch it, I know which of that “either” I will guess.

Newbie warning:  DOGE development is (or when I checked last year: was) in such a shambles as had me worried:  “People are entrusting billions of dollars in value to that thing?”  I was afraid that one catastrophic failure could crash the whole market, and blow FUD back onto Bitcoin.  My Evil Hat(TM) was also wondering what would happen if the flimsy, ill-maintained DOGE contraption had an exploitable security flaw.

Sure, DOGE was started as a joke.  Very funny.  Hahah.  It’s still a joke.  Do not entrust Dogecoin with anything other than toy money!

SHIB is a joke.

I do agree with that.

Imagine that SHIB is a programming language.  The picture in your mind is PHP.

Now, behold the prospect of someone bizarrely attacking me in WO because I called SHIB what it is.

Sad.
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June 08, 2022, 03:01:26 AM


Explanation
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June 08, 2022, 03:46:51 AM
Merited by AlcoHoDL (2), Hueristic (1), JayJuanGee (1)

Warning: LONG post follows. For the impatient, tl;dr-type readers, at the end of the post there is a link to a cool animation that visually captures the entirety of this post!

[...]

WRAPPING IT UP: COMPRESSING THE SPIRAL — VIDEO ANIMATION

For some cool eye-candy, here is an animation I created, which shows the entire process of "compressing the spiral", from 4 weeks all the way up to 4 years! Everything in this animation is generated by MATLAB code and is a result of numerical calculations. Nothing has been added after the fact. Kudos to MathWorks for creating such a powerful and efficient numerical analysis tool—always a pleasure to use.

Bitstamp BTC/USD Polar Chart Animation | 28/11/2014 ~ 07/06/2022 (2749 days)

Enjoy!

Thanks for that.

Relatively few people will click a link.  Thus, after what it took to scrunch this into an embeddable preview GIF under the forum image proxy’s size limit (finally!), I hope this does not offend the visual perfectionist I know you are:



The video is much better.  Direct link, for those who do not want to load Imgur’s Javascript web app:

  • https://i.imgur.com/4LZJTpT.mp4  14.42 MiB.  (Copy and paste the link to view/download.  Imgur will probably redirect if it gets a referral header from here.)

Do you have any interest in sharing the source?  If not, I’ll STFU.  Unlike HoDLers who don’t mess with margin, I am too poor to have fancy proprietary software like MATLAB; but I am curious to read and understand what you did—maybe someday port it to another language, if I were to become obsessed with it.
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June 08, 2022, 04:03:29 AM


Explanation
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June 08, 2022, 04:08:28 AM

* death_wish slaps Buddy.  (Bad robot!)
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June 08, 2022, 05:00:10 AM
Last edit: June 08, 2022, 05:13:19 AM by OutOfMemory

The PHP programming language is bizarre and, if nothing else, worthy of anthropological study.

Accordingly, I shall now contribute to advancing the state of the anthropological sciences:

I remember i started here as a bloody noob with opinions like those of "Next-door".

You mean that you called XRP “trusted”, you bought altcoins for “passive income”, and you advocated programming in PHP? Roll Eyes

The part you didn't include in your quoted reply was the single opinion i refered to (including implicit opinion/s).
I should have wrote it a bit different = "opinion" (singular).

Literally the anser to your question: No. I didn't, i didn't do that too, but i was coding in php pretty well on a daily basis, didn't use much of the php5 OOP functionality, though. Php wasn't quite the language to solve most problems, but quick and straightforward unlike perl, which requires more geekyness, and i was advocating perl pretty frequently. As a plus it was working out-of-the-box on most distributions other than windoze, escpecially because windows was quite the exception in the serverside environment(s) i was working at. Good for web based interfaces using persistent socket connections, also when you needed direct access to the OS functions.
I only used compiler  langs when i really needed a native binary for a specific platform, which mostly was a desire for windoze targets. Edited Java on *nix machines, didn't like it at all, don't ask me why.

EDIT: Deep inside, i feel it was something about the naming scheme of the classes and methods. #nohomo

Since you took my sarcastic reply too literally, I will reply literally.

The problem with PHP is best summed up in the classic titled “PHP: a fractal of bad design”; I suggest that you read it all:

An analogy

I just blurted this out to Mel to explain my frustration and she insisted that I reproduce it here.

Quote
I can’t even say what’s wrong with PHP, because—  okay.  Imagine you have uh, a toolbox.  A set of tools.  Looks okay, standard stuff in there.

You pull out a screwdriver, and you see it’s one of those weird tri-headed things.  Okay, well, that’s not very useful to you, but you guess it comes in handy sometimes.

You pull out the hammer, but to your dismay, it has the claw part on both sides.  Still serviceable though, I mean, you can hit nails with the middle of the head holding it sideways.

You pull out the pliers, but they don’t have those serrated surfaces; it’s flat and smooth.  That’s less useful, but it still turns bolts well enough, so whatever.

And on you go.  Everything in the box is kind of weird and quirky, but maybe not enough to make it completely worthless.  And there’s no clear problem with the set as a whole; it still has all the tools.

Now imagine you meet millions of carpenters using this toolbox who tell you “well hey what’s the problem with these tools?  They’re all I’ve ever used and they work fine!”  And the carpenters show you the houses they’ve built, where every room is a pentagon and the roof is upside-down.  And you knock on the front door and it just collapses inwards and they all yell at you for breaking their door.

That’s what’s wrong with PHP.

There is no other language like PHP.  It is undoubtedly the worst programming language that has ever achieved widespread usage.

If we were discussing, say, Javascript, I would acknowledge its strong points.  Sure, the language has some flaws; sure, the Node ecosystem sucks and the browser ecosystem sucks worse; sure, a large proportion of Javascript “programmers” are clueless copypaste monkeys who should be forbidden from ever touching a computer.  But Javascript is not a horrible language, in itself—at least, not in recent ES editions.  I even admit that I sometimes enjoy writing Javascript code.  And there are some Javascript experts who can do wizardry with it.

PHP is categorically horrible.  PHP is an abomination.  Next-door’s advocacy of PHP is like Elon Musk’s claim that Dogecoin is superior to Bitcoin;* well, it does show that Next-door is as smart and as credible as Elon Musk!  Anyway—PHP is bad, bad, bad.  End of story.


* Link that I dug up yesterday for other purposes not yet published... lol.  (Analogy added with edits.)

Hey, i didn't say php isn't a fucking mess!
It just came more naturally to me for inline web scripting, compared to CGI apps, early with php3. I also liked the idea to insert server side code directly into the design of web pages. CSS wasn't as common as today (or even yesterday). I used the php OOP once in an existing project i had to maintain. It died shortly after (not my fault) but it was enough for me to abandon that lousy, incomplete model. With php5 they changed the object model, to a still incomplete one, only to advertise php6 which "will be fully OO", which seemed to take forever, still came out incomplete and seemed like a real mess to me. At this point i abandoned it.
Reminds me a lot of ETH (or IOTA) started as some kind of good idea, ended up as a mess.

EDIT: Finished backreading that scripting language debate.
What have i started?!  Roll Eyes
I didn't even introduce intercal yet, though  Cheesy Cheesy Cheesy
Even Pascal, Smalltalk or PL/1 would have been enough among the more commonly known failed dialects, i guess.
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June 08, 2022, 05:03:28 AM


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death_wish
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Take profit in BTC. Account PnL in BTC. BTC=money.


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June 08, 2022, 05:22:01 AM

* death_wish pats Buddy on the head.  (Good robot!)


I didn't even introduce intercal yet, though  Cheesy Cheesy Cheesy

Respect!  Lulz, you want to take this up sometime at Lambda-the-Ultimate, or whatever?  Sorry, I meant:  PLEASE you want to take this up sometime...

Amidst something, will catch the rest of your post later.
OutOfMemory
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Man who stares at charts


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June 08, 2022, 05:44:42 AM
Merited by death_wish (1)

* death_wish pats Buddy on the head.  (Good robot!)


I didn't even introduce intercal yet, though  Cheesy Cheesy Cheesy

Respect!  Lulz, you want to take this up sometime at Lambda-the-Ultimate, or whatever?  Sorry, I meant:  PLEASE you want to take this up sometime...

Amidst something, will catch the rest of your post later.

Ah, no need to, really  Wink
I just remembered that, in my childhood, when the other kids where playing with their hot wheels toy cars, i was sorting punchhole cards, which i stole from the dustbin of the server room a few doors from my father's office, to the remote sound of fans cooling harddrives as big as regualr closets, and tape machines, lots of them. Irregularly spinning spools everywhere  Grin ...and 10-inch, green, round "screens" in almost every dream of mine...

Gotta go now.


ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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June 08, 2022, 06:05:00 AM


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