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tee 18/06/05(Tue)07:36 No. 781338
781338

File 152817701756.jpg - (1.13MB , 2560x1536 , bitcoin1.jpg )

What do you think about cryptocurrnecy??


99 posts omitted. Last 50 shown.
>>
Anonymous 18/07/09(Mon)22:02 No. 781926

>>781925
Okay. Where'd you get that bitcoin, you pedophile?


>>
Bob Ross 18/07/10(Tue)01:09 No. 781928
781928

File 153117778741.jpg - (134.10KB , 1050x591 , yup.jpg )

>>781834
>Still refuses to acknowledge the glaring irony of using a platform of anonymous communication to espouse his hate for a platform of anonymous currency.


>>
herp 18/07/10(Tue)01:14 No. 781929

>>781925
Not to worry. Whether or not you believe bitcoin itself is worth the zeros and ones it's made of, my wallet probably only held like three satoshis or so. I set it up as an attempt to mine, solo, with my home pc.

It was already late in the game. After observing the rate at which my 8-threaded 5Ghz CPU was mining, I calculated the time I'd have to leave my computer on to generate a single bitcoin at several months. The amount of money I'd spend on electricity in that period would be exponentially greater.

>>781926
You delusional, paranoid, FUD-spreading strawberry. >>781925
Doesn't have a bitcoin, he's so sure of his bet that he expects to get one. He's on your side, accusing bitcoin of being tainted by its use for the purchase of illicit goods and services.

You know what, plenty of US dollars have been used to purchase illicit goods and services--even actual children to rape--should we abolish the dollar?

I don't even want to know what kind of filth Euros have been used for.


>>
symbion 18/07/10(Tue)01:30 No. 781930

>>781929

>solo mining
>3 satoshis

explain yourself.


>>
Twincess Applesparkle Rainbowfly 18/07/10(Tue)01:42 No. 781933

>>781930
A very rough estimate, intended to communicate there was very little money in my wallet; as a matter of fact i don't remember how much beyond that the amount was insignificant.

At first I did not understand the reason for your confusion, but now I realize my story was incomplete--you can't get satoshis going solo, yes? After realizing solo mining would never return a profit, I had made a brief attempt at pool mining as well, which would be where I got the satoshis, before realizing this as well would never return an actual profit.


>>
Spider Expert 18/07/10(Tue)01:43 No. 781934

>>781929

You goddamn millennials acting so smug with your preconceived notions about the world in the finest tradition of millennials with preconceived notions are always saying things. You say them so arrogantly and when confronted with things that weren't mentioned or preconceived you mentioned them repeatedly! Bitcoin!

I remember when I was a child, my mother put notes on my fruit cup. "Don't do drugs," it read in base64, in the finest tradition of mother's everywhere. And then there was darkness so thick you could cut it with a knife.

Next time you ever preconcieve a conception try having a brain. Think about your life before you decide to go bitcoining on meth, pcp, monster energy drink, weeds, devil's dandruff, etc. I know the market, dum dum! I read Dante, you strawberry! Bitcoin will fail and I will dance on your graves!


>>
Optimus Prime 18/07/10(Tue)02:01 No. 781935

>>781934
Wat?


>>
Nyan Cat 18/07/11(Wed)16:30 No. 781966

>>781929
>my 8-threaded 5Ghz CPU was mining

Why?

>You know what, plenty of US dollars have been used to purchase illicit goods and services--even actual children to rape--should we abolish the dollar?

Not really comparable to bitcoin in this sense. My reasoning for that is
1. Cash is regulated to a degree
2. Cash can be marked and traced by authorities
3. Cash is physical and to exchange it for illegal items, two parties must be physically present


>>
Conductor Cat 18/07/12(Thu)02:41 No. 781969

ITT: Pedos desperately trying to convince everyone they're not pedos by claiming BTC has other uses


>>
Conductor Cat 18/07/12(Thu)06:34 No. 781973

>>781969
Aren't you a little young to be so salty?


>>
Steve 18/07/12(Thu)08:15 No. 781977

>>781966
>Why?
Are you asking why I was mining or why my cpu has 8 threads and is overclocked to 5Ghz? I don't really see a reason to answer either.

>to exchange it for illegal items, two parties must be physically present
Dead drops, dude.


>>
Nyan Cat 18/07/12(Thu)10:01 No. 781978

>>781977
I meant why as in who the hell mines with CPU?

>dead drops
Someone still has to pick it up, not to mention how few people are fine leaving money/product not knowing whether the other party will come through.


>>
Novice Equestrian 18/07/12(Thu)15:22 No. 781980

>>781979
Lol Jesus


>>
Homicide 18/07/13(Fri)12:15 No. 781988

>>781978
I didn't build my computer for the purpose of mining; it only has one GPU that runs at 900Mhz. I gave it a shot to see if my hardware could turn electricity into money--it didn't work.

I've also looked into buying the hardware to make a mining rig, which is yet another way to lose money. It isn't really possible to turn a profit mining unless you can afford a massive cluster installation, because that is what people are using these days.

>few people are fine leaving money/product not knowing whether the other party will come through
I am not surprised that you do not understand crime.


>>
Mudkip 18/07/13(Fri)16:10 No. 781992

>>781988
>I am not surprised that you do not understand crime.

Pardon my ignorance, inspector. Please, enlighten me on how a dead drop would work for illegal goods on a consumer level.


>>
Moot 18/07/13(Fri)19:00 No. 781994
781994

File 153150125149.jpg - (12.84KB , 1239x120 , Cosplay.jpg )

What? You pedos are still here?

Go away. There's no CP here.


>>
Moot 18/07/14(Sat)01:04 No. 781997

>>781994
What? This paranoid strawberry is still here?
Go away. No one gives an airwolf.


>>
Liru Fanboy 18/07/15(Sun)00:14 No. 782014

My question is if any blockchain with smart contracts in effect will ever work. Smart contracts are nothing but scams.

Why doesn't someone just implement sharding, states (actual account balances), bring the state over to the new genesis block (a state block, like that described in omniledger) and a method I came up with which, when manipulating shards, can increase the speed up to 64x what it is.


>>
He-Man 18/07/15(Sun)00:26 No. 782015

My question is if any blockchain with smart contracts in effect will ever work. Smart contracts are nothing but scams.

Why doesn't someone just implement sharding, states (actual account balances), bring the state over to the new genesis block (a state block, like that described in omniledger) and a method I came up with which, when manipulating shards, can increase the speed up to 64x what it is, WITHOUT smart contracts?

You 1) then have a reasonably finite blockchain, rather than it getting larger and larger each day, well into the terabytes and beyond, by simply bringing the state over to a new genesis block, with a text file produced of the previous blocks.
2) the speed will be drastically improved. By simply splitting shards up into what I call sectors where each sector's shards have a number of nodes which are less than the those contained in the previous sector. A node advances to the next sector based on the amount of time it has retained a legitimate blockchain. If it tries to be malicious even once, it will get bumped back down to the first sector and begin its journey again. You get to reduce the shard size to 25 if you want, and compare that to today's 600, that is an insane amount of time you will be saving.


>>
Bill 18/07/15(Sun)17:06 No. 782023
782023

File 153166720623.webm - (2.87MB , 1800x968 , wargarbl.webm )

>>781997
>paranoid
My my, someone's feeling defensive.

You guys really should stick to .onion sites.


>>
Marisa Kirisame 18/07/15(Sun)17:31 No. 782027
782027

File 153166867518.jpg - (117.15KB , 425x567 , welcometo7chan-soda11yr.jpg )

>>782023
I approve of your webm, but you need to know you are on the losing side here.

Everyone sees your newfaggortry; pic related. Go home.


>>
ian 18/07/15(Sun)19:28 No. 782032
782032

File 15316756943.webm - (1.50MB , 1000x562 , LURK MOAR.webm )

>>782027
>newfaggortry
The fact that you would use such a word here points out that in your short time here you've failed follow the one tenet of 7chan:
LURK MOAR


>>
Steve 18/07/15(Sun)23:38 No. 782034

>>782032
You'd rather I call you a silly sausage?


>>
4chan user 18/07/16(Mon)00:01 No. 782035

>>782034
Oh ho!


>>
He-Man 18/07/17(Tue)10:28 No. 782055
782055

File 153181613515.jpg - (61.48KB , 648x960 , The One True Morty.jpg )

>>782034
The only reason you have that image is because I dug it out and reposted it here a couple months ago.

You know how I know this? Because the hash of the image I dug out of my old system and the one I reposted are different.

LURK MOAR


>>
p4ch3c0 18/07/17(Tue)18:53 No. 782060

>>782055
You're really butthurt about being called out for your newfaggotry.


>>
Spiderman 18/07/17(Tue)23:24 No. 782066

>>782060
It gets worse. Trust me


>>
Spiderman 18/07/18(Wed)08:10 No. 782069

>>782060
>keeps calling everyone a newfag
>tries to claim everyone else is upset
Welcome to 7chan.

Try not standing out.


>>
Spider Expert 18/07/18(Wed)08:21 No. 782073

>>782069
>everyone
One day you'll learn to talk like you belong here, and then maybe I'll stop making fun of you.


>>
Nyan Cat 18/07/19(Thu)00:21 No. 782088

>>782073
Whatever you say, davespiracy.


>>
zeneslev 18/07/19(Thu)02:15 No. 782091

>>782088
>davespiracy
Oh Bob Ross Airwolfing damn it!


>>
Mudkip 18/07/19(Thu)06:24 No. 782095

>>782088
Davespiracy >>782055
Not Davespiracy >>782073


>>
Brony 18/07/19(Thu)07:01 No. 782097

>>782095
Neither of them are Davespiracy


>>
OP 18/07/19(Thu)08:05 No. 782099
782099

File 153198031895.png - (255.27KB , 500x599 , Everyone Is Sad.png )

>>782097
That sounds like something Davespiracy would say.


>>
Reimu Hakurei 18/07/19(Thu)14:04 No. 782103

>>782099
No shit, asshole. How do you think I knew that?


>>
Brony 18/07/20(Fri)03:41 No. 782111

>>782103
We are all Davespiracy on this blessed day.


>>
Reimu Hakurei 18/07/20(Fri)03:55 No. 782112

>>782111
🌊


>>
Closet Furry 18/07/21(Sat)03:01 No. 782129

>>782111
That is not someone you should want to be.


>>
He-Man 18/07/21(Sat)09:44 No. 782133
782133

File 153215904269.jpg - (233.87KB , 640x480 , Why.jpg )

>>782129
Davespiracy seems like a cool guy, he skips taking his meds and isn't afraid of anything.


>>
W. T. Snacks 18/07/21(Sat)21:57 No. 782139

>>782129
That's balderdash, baby
>>782133
Thx


>>
Reimu Hakurei 18/07/22(Sun)17:29 No. 782157

Remember when furbies were worth a grand


>>
zeneslev 18/07/22(Sun)23:31 No. 782168

>>782157
I remember the Beanie Baby madness. Every bubble bursts.


>>
Novice Equestrian 18/07/23(Mon)04:38 No. 782173

>>782168
It'll be nice when it's not in the news anymore

Also the spinoff currencies are pretty ridiculous, I think as a meta joke but still


>>
Homicide 18/07/23(Mon)17:05 No. 782185

>>782173
>the spinoff currencies are pretty ridiculous
Yeah, I think they are just plain ridiculous. They exist only to siphon a percentage of value from bitcoin, wither, and die.

The concept of cryptocurrency is ahead of its time, and will probably only come into practicality if and when humanity establishes a one-world government, as the planetary currency. The idea of competing cryptocurrencies will be long dead by that point, as will all of the currently in-use cryptocurrencies.

I know that sounds like some batshit crazy sci-fi nonsense, and it sort of is, but it would also be the most logical and practical application of the technology: once all national currencies are obsolete, and when precious metals and stone can be mined from asteroids or synthesized proficiently enough not to recognize artifact from nature, we're going to need a currency that doesn't depend on exchange rates or standards.

In that time we will return to cryptocurrency, after what I expect to be a long period of disinterest following the current fad, but there will only be room for one, global cryptocurrency.


>>
derp 18/07/23(Mon)19:09 No. 782190

>>782157
I remember when Furbies weren't allowed in secure buildings.


>>
Moot 18/07/28(Sat)19:14 No. 782313

>>782185
>The concept of cryptocurrency is ahead of its time, and will probably only come into practicality if and when humanity establishes a one-world government, as the planetary currency. The idea of competing cryptocurrencies will be long dead by that point, as will all of the currently in-use cryptocurrencies.

This is one possible scenario. However it's more likely crypto has to prove itself, through long-term use, as a practical currency long before it's adopted as a global currency of a one-world government. At which point,the question is, does that government favor an open, borderless, neutral, censorship-resistant currency like Bitcoin or a closed, bordered, hierarchical, censored currency? If the answer is the latter, competing currencies will always be a factor.


>>
Lorf 18/09/18(Tue)15:02 No. 783285

What is fiat currency?


>>
Bill 18/09/18(Tue)20:52 No. 783289

>>783285
Cash


>>
ian 18/09/19(Wed)05:31 No. 783298

>>783285
The definition changes depending on how much money they're able to extort from businesses (always in bitcoin, of course) with their latest ransomware scam.



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