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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??


107 posts omitted. Last 50 shown.
>>
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.


>>
Christian Weston Chandler 18/10/14(Sun)07:48 No. 784231

>>781461
What about something like Tether?


>>
Mudkip 18/11/08(Thu)23:08 No. 785441

>>781339
Unfortunately, bitcoin is not very viable as a means of exchange. (At least, judging by adoption.)


>>
Reimu Hakurei 18/11/08(Thu)23:26 No. 785443
785443

File 154171597870.gif - (3.12MB , 480x330 , giphy-8.gif )

>>781338
Thanks for that tidbit. I have not had any contact with the outside world for the past year as I've been trapped in another dimension fighting the forces of the evil sorcerer Zhidyjf and I'm sure that after 6 months and 130+ posts this subject has not been explored thoroghly.


>>
Homicide 18/11/09(Fri)16:55 No. 785457
785457

File 154177891559.gif - (2.60MB , 480x264 , I hate Zhidyjf so much.gif )

>>785443
>Zhidyjf


>>
Mudkip 18/11/09(Fri)21:42 No. 785462

Youtube  No


>>
Marisa Kirisame 18/11/09(Fri)22:53 No. 785463
785463

File 154180040943.gif - (929.77KB , 250x200 , Kill-Bill.gif )

>>785462
Satan isn't the enemy here, Spider Expert!!!


>>
r000t 18/11/10(Sat)03:47 No. 785471
785471

File 154181803227.gif - (587.05KB , 500x285 , I am Zhidyjf.gif )

>>785443
>>785457
>>785463
You fools! Do you think that mere mortals could ever stand against my power?

(USER WAS BANISHED TO THE NETHERREALM)


>>
Anonymous 18/11/11(Sun)22:39 No. 785525
785525

File 154197239055.gif - (1.22MB , 300x273 , kung fu baby.gif )

>>785471
Mods are Bob Ross!
For centuries we've been fighting Zhidyjf on different dimensions and they just banish him.



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