Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 07, 2021, 05:28:05 PM |
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Much. Even better if it is augmented by end-to-end oldschool encryption (GnuPG/PGP). Which however entails making your public key widely available via a key server, but being ready to revocate it if for any reason it should become compromised. In short: key management is still a hassle.
Indeed, most of the big e-mail clients have end-to-end built in. However, as said, using it is a pain and even just signing my emails, I ran into problems with shittily configured email servers silently dropping my emails.
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JimboToronto
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You're never too old to think young.
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March 07, 2021, 05:35:05 PM |
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...on a world avg would one btc at current prices be enough to buy an avg house ?
Good question. Obviously a yurt in Mongolia would be cheaper than a mansion in Monte Carlo. It's hard to find any hard data for anything other than cities. https://www.globalpropertyguide.com/most-expensive-citiesPerhaps a better measure would be that 1BTC is plenty to *build* a decent house. It's usually the land that is the stinger.
I was including land and structure.
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Searing
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Clueless!
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March 07, 2021, 06:26:15 PM |
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Near future one BTC, enough to buy property! Laughed away by fools.
I bought my first house In Mexico for less than One entire bitcoin. That was 3 years back. The price of a whole bitcoin Has tripled since then. In Toronto it Would cost 15 coins to buy An average house. I guess it depends More on location than on The price of Bitcoin. my brother wanted to sell me his 'used' tesla a 1.5 years ago? 2 years...I just remember it was 7.5 BTC...I probably would have done this IF he would have kept the BTC...I'd be sad ..but at least the brother would have some BTC. But 'missed that bullet' sheesh...7.5 BTC for such...I would be 'sad' now...very, very sad.... so HODL.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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my brother wanted to sell me his 'used' tesla a 1.5 years ago? 2 years...I just remember it was 7.5 BTC...I probably would have done this IF he would have kept the BTC...I'd be sad ..but at least the brother would have some BTC. But 'missed that bullet' sheesh...7.5 BTC for such...I would be 'sad' now...very, very sad.... so HODL. Was paying my kids .1btc to rake the yard years ago. They are happy now.
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OutOfMemory
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Man who stares at charts (and stars, too...)
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Long time no haiku! Thanks for reminding me, Bob. So here we go now: NFT it is, non fungible tokens, eh? Dug into it now. Seems like a new trend. But when i read the papers i see no demand. But what do i know? BTC is what i know! Better stay with it. That's a long haiku. Prolly the longest of mine. How should i end it? Enuff useless talk I'll end this stream of words now. Time for some good weed
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Searing
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Clueless!
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March 07, 2021, 06:44:13 PM |
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my brother wanted to sell me his 'used' tesla a 1.5 years ago? 2 years...I just remember it was 7.5 BTC...I probably would have done this IF he would have kept the BTC...I'd be sad ..but at least the brother would have some BTC. But 'missed that bullet' sheesh...7.5 BTC for such...I would be 'sad' now...very, very sad.... so HODL. Was paying my kids .1btc to rake the yard years ago. They are happy now. I remember signature campaigns that paid 0.1 BTC per week....remember PayCoin? Before GAW went completely rotten? I THINK I got 0.33 BTC for running their chain for a week or so ..so they could setup POS with my 2013 KNC Jupiter Miner I had to 'dust off' after a couple years..the last hurrah...everyone mined for PayCoin...I mined it on some exchange for BTC direct.. Wow....hell I used to send you like 1.5 BTC to fix various lots of KNC equipment ....hope you kept it Brad
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shahzadafzal
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March 07, 2021, 07:08:49 PM |
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El duderino_
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BTC + Crossfit, living life.
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Long time no haiku! Thanks for reminding me, Bob. So here we go now: NFT it is, non fungible tokens, eh? Dug into it now. Seems like a new trend. But when i read the papers i see no demand. But what do i know? BTC is what i know! Better stay with it. That's a long haiku. Prolly the longest of mine. How should i end it? Enuff useless talk I'll end this stream of words now. Time for some good weed https://twitter.com/notsofast/status/1368641891575623682?s=20
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shahzadafzal
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Let me rephrase the picture... Black hole:"A black hole is a region of spacetime where gravity is so strong that nothing—no particles or even electromagnetic radiation such as light—can escape from it. The theory of general relativity predicts that a sufficiently compact mass can deform spacetime to form a black hole." Bitcoin:"A Bitcoin is a cryptocurrency of the world where gravity is so strong that nothing—paper money or even governments such as Central Banks—can escape from it. The theory of cryptocurrency predicts that a sufficiently compact mass ( 21million coins) can decentralize governments to form a new world." I appreciate your explanation of the picture, shahzadafzal, because it does seem to help me, but I am having some difficulties understanding why you are using the term cryptocurrency when you refer to bitcoin, and sure, "technically" bitcoin likely fits into a subcategory, but seems to me that part of the problem is that we have no other example in such category besides bitcoin that meets the value sucking definition that you seem to be applying to bitcoin but you feel some kind of inclination to broaden the concept beyond bitcoin by using the term "cryptocurrency" Furthermore, many of us appreciate that the term cryptocurrency is abused and confusing in mainstream parlance - so I really have difficulties understanding why anyone (whether academic or not) really feels a need to use the term "cryptocurrency" when referring to bitcoin value sucking dynamics... ..even though in theory there could end up being some other system or coin that might end up developing some of the same or similar value sucking characteristics that are currently ONLY realistically measurable in bitcoin. As always You WO users never disappoint me in bringing something new and something interesting around the Bitcoin JayJuanGee thank you for pointing out an excellent point i never thought about it before. Your post has forced me to do some R&D and go back and read the Satoshi Nakamoto's White paper again one more time (since 2018). Well he too did not mention about any such thing like cryptocurrency. Frist of all he called it a " Peer-to-Peer Electronic Cash System" that also is in heading and in the abstract only. Further nothing mentioned anything to do with "Crypto" or "Currency" even the word "Currency" he used it to explain the " physical currency" only. So bitcoin is no way any type of currency at all. Then for word crypto he bring it up only when explaining the need of an " electronic payment system based on cryptographic proof instead of trust" So I'm 100% convinced and agreed to your statement that "the term cryptocurrency is abused and confusing in mainstream". Ok. Next then I did some googling just to check any reference related to the word " cryptocurrency" and to my no surprise cryptocurrency word was never used any time before early 2017 and that was the time of shitcoins . Only one reference I found of "cryptocurrency" related to or near to Bitcoin is on the official website bitcoin.org in FAQ section of " Who created Bitcoin?". It was mention in a reference to Wei Dai as " Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai" And that forced to me to check first reference of Sathoshi's white paper related " W. Dai". But unfortunately that also not anyway close to the term what we know today as "cryptocurrency". In conclusion I'm convinced and I agree I did broaden the concept beyond bitcoin when I mentioned "cryptocurrency" so will try to rephrase one more time Bitcoin:"A Bitcoin is a electronic payment system of the world where gravity is so strong that nothing—paper money or even governments such as Central Banks—can escape from it. The theory of cryptography predicts that a sufficiently compact mass ( 21million coins) can decentralize governments to form a new world."
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Biodom
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The question about the arrow of time is fascinating. there is no universal time. and no arrow of time. there are only causal chains of events. before a glas breaks on the floor, one had to drop it. and there is no "rewinding" that. the past is gone, not a place that one could visit. it is however theoretically possible to "visit" the future for individuals. either survive cryogenics or invent a way to travel at 50% the speed of light. in both cases you could "wake up" in - lets say 500 years. this is consistent with causality. "there is no universal time" "the past is gone, not a place that one could visit. " Due to relativism your future already happened for some independent observer at the sufficient distance and acceleration. You cannot re-visit your past, sure, but your past can still be observed by an independent observer, even in the future. Not sure about visit, though, probably not, but you cannot even observe your past, while others can. Moreover, they probably can even observe your future, which did not happen for you yet. No changing of the past, though. Read more here about the block universe concept: https://www.abc.net.au/news/science/2018-09-02/block-universe-theory-time-past-present-future-travel/10178386more on the future: https://www.bbc.com/reel/video/p04s223f/physics-suggests-that-the-future-has-already-happenedwatch from approx 3min which explains the effect of motion on "time" reference.
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philipma1957
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'The right to privacy matters'
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March 07, 2021, 08:16:43 PM |
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Well it's quite simple, with every new bull run they need a new "scam-straction" to distract the pleebs away from Bitcoin. With this new NFT garbage, it's like the mother of all frauds: selling outrageously over-priced digital tulips on the biggest scam blockchain of them all, ETH. They will be *really* hard pressed to top that one in 2024. Eth has to be the king of shit coins. What happens if mr V wakes up dead tomorrow Eth tanks 75% and they go to war over who controls it. All depends on him mr v. just what a person needs. BTC does not need mr S. to thrive does it?
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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March 07, 2021, 08:22:42 PM |
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Eth has to be the king of shit coins.
What happens if mr V wakes up dead tomorrow Eth tanks 75% and they go to war over who controls it. All depends on him mr v. just what a person needs.
BTC does not need mr S. to thrive does it?
Yep, and if they don't like how a transaction worked out they will just rewrite the protocol to invalidate it. I wouldn't trust ETH with my garbage. ETC at least didn't pull that shit deal.
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Biodom
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March 07, 2021, 08:29:00 PM |
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IMHO, bitcoin success as a major monetary network replacing fiat HAS ALREADY happened, the task is to make sure (with our actions) that it happened in OUR timeline/Block UNIVERSE.
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 07, 2021, 08:37:23 PM |
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I remember signature campaigns that paid 0.1 BTC per week....remember PayCoin? Before GAW went completely rotten? I THINK I got 0.33 BTC for running their chain for a week or so ..so they could setup POS with my 2013 KNC Jupiter Miner I had to 'dust off' after a couple years..the last hurrah...everyone mined for PayCoin...I mined it on some exchange for BTC direct.. Wow....hell I used to send you like 1.5 BTC to fix various lots of KNC equipment ....hope you kept it Brad I used to mine a bit for the lulz. I jumped around a little bit and I've been going back the past few days in case I left anything lying around. Found a small but not insignificant sum of BTC on multipool but also all kind of shitcoins, some in the thousands of coins currently hanging out at a couple of bucks total. Not even worth the effort to work out how to cash them in TBH. I wish I'd left my miner running a bit longer. Though it was definitely not worth the electricity, it would have paid off. But then again, so would buying Bitcoin with the dollars.
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600watt
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March 07, 2021, 08:46:59 PM Merited by JayJuanGee (1) |
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Let me rephrase the picture... Black hole:"A black hole is a region of spacetime where gravity is so strong that nothing—no particles or even electromagnetic radiation such as light—can escape from it. The theory of general relativity predicts that a sufficiently compact mass can deform spacetime to form a black hole." Bitcoin:"A Bitcoin is a cryptocurrency of the world where gravity is so strong that nothing—paper money or even governments such as Central Banks—can escape from it. The theory of cryptocurrency predicts that a sufficiently compact mass ( 21million coins) can decentralize governments to form a new world." I appreciate your explanation of the picture, shahzadafzal, because it does seem to help me, but I am having some difficulties understanding why you are using the term cryptocurrency when you refer to bitcoin, and sure, "technically" bitcoin likely fits into a subcategory, but seems to me that part of the problem is that we have no other example in such category besides bitcoin that meets the value sucking definition that you seem to be applying to bitcoin but you feel some kind of inclination to broaden the concept beyond bitcoin by using the term "cryptocurrency" Furthermore, many of us appreciate that the term cryptocurrency is abused and confusing in mainstream parlance - so I really have difficulties understanding why anyone (whether academic or not) really feels a need to use the term "cryptocurrency" when referring to bitcoin value sucking dynamics... ..even though in theory there could end up being some other system or coin that might end up developing some of the same or similar value sucking characteristics that are currently ONLY realistically measurable in bitcoin. As always You WO users never disappoint me in bringing something new and something interesting around the Bitcoin JayJuanGee thank you for pointing out an excellent point i never thought about it before. Your post has forced me to do some R&D and go back and read the Satoshi Nakamoto's White paper again one more time (since 2018). Well he too did not mention about any such thing like cryptocurrency. Frist of all he called it a " Peer-to-Peer Electronic Cash System" that also is in heading and in the abstract only. Further nothing mentioned anything to do with "Crypto" or "Currency" even the word "Currency" he used it to explain the " physical currency" only. So bitcoin is no way any type of currency at all. Then for word crypto he bring it up only when explaining the need of an " electronic payment system based on cryptographic proof instead of trust" So I'm 100% convinced and agreed to your statement that "the term cryptocurrency is abused and confusing in mainstream". Ok. Next then I did some googling just to check any reference related to the word " cryptocurrency" and to my no surprise cryptocurrency word was never used any time before early 2017 and that was the time of shitcoins . Only one reference I found of "cryptocurrency" related to or near to Bitcoin is on the official website bitcoin.org in FAQ section of " Who created Bitcoin?". It was mention in a reference to Wei Dai as " Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai" And that forced to me to check first reference of Sathoshi's white paper related " W. Dai". But unfortunately that also not anyway close to the term what we know today as "cryptocurrency". In conclusion I'm convinced and I agree I did broaden the concept beyond bitcoin when I mentioned "cryptocurrency" so will try to rephrase one more time Bitcoin:"A Bitcoin is a electronic payment system of the world where gravity is so strong that nothing—paper money or even governments such as Central Banks—can escape from it. The theory of cryptography predicts that a sufficiently compact mass ( 21million coins) can decentralize governments to form a new world." very good post. now do the same thing with "blockchain" and i rain merits on you.
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 07, 2021, 08:50:02 PM Merited by JayJuanGee (1) |
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So I'm 100% convinced and agreed to your statement that "the term cryptocurrency is abused and confusing in mainstream". Ok. Next then I did some googling just to check any reference related to the word "cryptocurrency" and to my no surprise cryptocurrency word was never used any time before early 2017 and that was the time of shitcoins .
I believe you're mistaken. It was used fairly often (even the graph you show shows a small bump). It *was* a much smaller community though. Indeed, cryptocurrency.com was registered in 2009. Bitcoin: "A Bitcoin is a electronic payment system of the world where gravity is so strong that nothing—paper money or even governments such as Central Banks—can escape from it. The theory of cryptography predicts that a sufficiently compact mass (21million coins) can decentralize governments to form a new world."
I don't believe cryptography predicts any such thing. In fact, that you use it that way makes me think you don't have a clear idea of what "cryptography" is. This is not an attack, I just think you possibly need to gain a broader knowledge of the things you're talking about.
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El duderino_
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BTC + Crossfit, living life.
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March 07, 2021, 08:53:35 PM Last edit: March 07, 2021, 09:07:00 PM by El duderino_ Merited by paxmao (5), JimboToronto (1) |
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Richy_T
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March 07, 2021, 09:02:08 PM |
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serveria.com
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Privacy Servers. Since 2009.
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Meanwhile a nice lil pump takes us back into $50k+ territory...
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Syke
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March 07, 2021, 09:58:38 PM |
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Due to relativism your future already happened for some independent observer at the sufficient distance and acceleration. You cannot re-visit your past, sure, but your past can still be observed by an independent observer, even in the future. Not sure about visit, though, probably not, but you cannot even observe your past, while others can. Moreover, they probably can even observe your future, which did not happen for you yet. No changing of the past, though. Read more here about the block universe concept: https://www.abc.net.au/news/science/2018-09-02/block-universe-theory-time-past-present-future-travel/10178386more on the future: https://www.bbc.com/reel/video/p04s223f/physics-suggests-that-the-future-has-already-happenedwatch from approx 3min which explains the effect of motion on "time" reference. Doesn't sound compatible with Quantum Mechanics, which is an actual theory that can be tested.
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