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Author Topic: Everyone wants Bitcoin to be the Hundredth Monkey effect  (Read 2543 times)
Xenland
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April 29, 2012, 11:37:15 PM
 #1

I wish someone would have told me there was a name for this.
http://en.wikipedia.org/wiki/Hundredth_monkey_effect
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a transaction fee.
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April 30, 2012, 12:04:53 AM
 #2

no remote island required though  Cheesy

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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April 30, 2012, 12:38:07 AM
 #3

I wish someone would have told me there was a name for this.
http://en.wikipedia.org/wiki/Hundredth_monkey_effect
It's not really true. Bitcoin is a paradigm shift, not a simple learned skill anyway. It will take making Bitcoin very simple and secure even for monkeys to use before most people will be able to.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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April 30, 2012, 12:48:13 AM
 #4


Monkeys Use Money to GAMBLE and Buy PROSTITUTES!

OMG!! It's happening!  Shocked

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Phinnaeus Gage
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April 30, 2012, 01:22:51 AM
 #5


Big hairy deal! It'll be eons before any monkey will be voted in as Head of State, with or without a MonkeyPAC.

Seriously...no, seriously...

I wish someone would have told me there was a name for this.
http://en.wikipedia.org/wiki/Hundredth_monkey_effect
It's not really true. Bitcoin is a paradigm shift, not a simple learned skill anyway. It will take making Bitcoin very simple and secure even for monkeys to use before most people will be able to.

In order for that paradigm shift to be accepted, you need to influence the minds that drive the current model. To do so, Bitcoin needs an IdeaVirus.

~Bruno~
cbeast
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April 30, 2012, 01:41:09 AM
 #6

In order for that paradigm shift to be accepted, you need to influence the minds that drive the current model. To do so, Bitcoin needs an IdeaVirus.
They have a vaccine for that.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Phinnaeus Gage
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April 30, 2012, 01:51:18 AM
 #7

In order for that paradigm shift to be accepted, you need to influence the minds that drive the current model. To do so, Bitcoin needs an IdeaVirus.
They have a vaccine for that.

Please, don't tell her that. https://bitcointalk.org/index.php?topic=78005.msg869642#msg869642
realnowhereman
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May 01, 2012, 12:28:49 PM
 #8

I wish someone would have told me there was a name for this.
http://en.wikipedia.org/wiki/Hundredth_monkey_effect

Nope.

The name for the effect we want in bitcoin is the network effect.

The hundredth monkey effect is a now-discredited report of, essentially, a psychic link between monkeys on physically separated islands.

For their to be a hundredth monkey effect with bitcoin there would have to be another planet with no means of communication with this one simultaneously implementing Bitcoin -- literally Bitcoin, not some independently created cryptocurrency.

1AAZ4xBHbiCr96nsZJ8jtPkSzsg1CqhwDa
Phinnaeus Gage
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May 02, 2012, 04:49:57 AM
 #9

I wish someone would have told me there was a name for this.
http://en.wikipedia.org/wiki/Hundredth_monkey_effect

Nope.

The name for the effect we want in bitcoin is the network effect.

The hundredth monkey effect is a now-discredited report of, essentially, a psychic link between monkeys on physically separated islands.

For their to be a hundredth monkey effect with bitcoin there would have to be another planet with no means of communication with this one simultaneously implementing Bitcoin -- literally Bitcoin, not some independently created cryptocurrency.


Excellent reply, rnm! http://en.wikipedia.org/wiki/Network_effect
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