Bitcoin discussion and news

[butchersapron]

I don't think I have ever suggested that it promises a better future, nor have I done ought but state that it's a gamble for reckless fools. But you carry on with fitting the world into your private template, and keep checking back. Crypto might fizzle into nothing in the next few months or years, and you can have a laugh.

That is a blatant untruth about your multi-year boosterism - a pretty bad example of which we find above today.

i don't know what this private template stuff is. I don't check back - it's beyond boring and the investment stuff is rotten. The thread came to the top of the new posts list earlier.

 

[elbows]

I think that will create centralised ones in order to have their currencies be able to work with smart contracts and the Internet of things.

Without detailed flesh on the bones this is just throwing more buzz words into the mix. There is no explicit need for smart contracts, at least not on a scale that necessitates the primary currency of a nation become a crypto one. Likewise the internet of things can mean many different things to many people, and I don't think anyone really knows where it is going, nor which middlemen and service cut takers will maintain their place in the world and their piece of the pie as opposed to finding themselves obsolete.

 

[elbows]

i don't know what this private template stuff is. I don't check back - it's beyond boring and the investment stuff is rotten. The thread came to the top of the new posts list earlier.

Don't worry, within just a few years a smart contract will be able to automatically rant on your behalf

 

[bimble]

I bought a bit of a bitcoin last year after meeting the evangelist. I see it as a kind of gambling where you also can if you wish to buy (relatively high quality and cruelty-free) drugs.

 

[elbows]

it looks like a bubble. It probably is a bubble. But there is a chance that it's not. That the curve we are seeing is just an adoption curve. Ten years ago, only nerds and weirdos bought things on the Internet. Now grannies do their supermarket shop online. An online presence 5 years ago was for porn stars and hipsters. Now how many people are on Facebook? The jump from fringe to mass market is getting shorter. The communication revolution has touched so much of our economic activity, yet the actual fabric of money has remained untouched.

Is bitcoin THE new money? Maybe not. Is it just a global ponzi/pyramid of epic proportions ? Maybe. But if there is a chance
that it is becomes something, and is used to cover 5% of all online transactions in 5 years time..

You wrote that in December 2013. Nearly 4 years later, hows the '5% of all online transactions' looking?

 

[Idaho]

You wrote that in December 2013. Nearly 4 years later, hows the '5% of all online transactions' looking?

Not too bad a prediction considering! Lightening network is a year away - I might be right.

 

[elbows]

Personally I believe that some of the technologies and concepts may find a mainstream sensible use one day. But so long as we remain in this period of ramping bullshit (and there is no end of that in sight) I don't believe it is worth the effort to try to separate individual concepts from the overall pyramid of shit that sponsors most of the enthusiasm for this stuff.

I watched an ICO recently, where many millions were raised simply by inviting people to imagine how much money people could make by buying a new coin now that might one day have some role in game transactions. The price tanked after the ICO ended, and hardly anyone that talks about it online is actually interested in the realities of the game industry or the company thats made the coins actual place in the games industry to date.

 

[elbows]

Not too bad a prediction considering! Lightening network is a year away - I might be right.

Alrighty then, in the meantime I'm off to find the giraffes that make skittles, you goof.

 

[Idaho]

That is a blatant untruth about your multi-year boosterism - a pretty bad example of which we find above today.

i don't know what this private template stuff is. I don't check back - it's beyond boring and the investment stuff is rotten. The thread came to the top of the new posts list earlier.

Is boosterism actually a word? A few of us contribute semi regularly to this thread, just like many other speciality threads on urban. Put it on ignore and go about your business. We aren't breaking any forum rules.

 

[Idaho]

Alrighty then, in the meantime I'm off to find the giraffes that make skittles, you goof.

I have no idea why you have to be unpleasant. Oh yeah, I forgot.. This is p&p and you and gripper stebson are the daddies and you retain the right to police threads and who says what - even on topics you clearly have no fucking clue about jog on, muppet. Jeez.. Just watching an ICO is a bad sign.

 

[butchersapron]

Is boosterism actually a word? A few of us contribute semi regularly to this thread, just like many other speciality threads on urban. Put it on ignore and go about your business. We aren't breaking any forum rules.

No it's not. I don't care how many of you contribute to the thread or how regularly you post on it. newbie posted something that caught my eye - the lack of serious response to it was even better. I'll post when i want and regarding whatever i want on this thread. Any problems, i'm sure they're in the process of being sorted out in the future for def. Within 5 years. Or 10.

 

[elbows]

I have no idea why you have to be unpleasant. Oh yeah, I forgot.. This is p&p and you and gripper stebson are the daddies and you retain the right to police threads and who says what - even on topics you clearly have no fucking clue about jog on, muppet. Jeez.. Just watching an ICO is a bad sign.

I'm not attempting to police the thread, just having my say. You are the one trying to suggest I know nothing about the subject and inviting me to leave it to rampers like you that think you know something. No, you will just have to put up with those who don't share the rainbow.

 

[Idaho]

No it's not. I don't care how many of you contribute to the thread or how regularly you post on it. newbie posted something that caught my eye - the lack of serious response to it was even better. I'll post when i want and regarding whatever i want on this thread. Any problems, i'm sure they're in the process of being sorted out in the future for def. Within 5 years. Or 10.

It's like wit, it just doesn't have any actual humour in it.

You know very little about the subject as marx never mentioned much about cryptology (too busy berating the savage and backwards Indians perhaps?)

But your laughable ignorance on the topic is no barrier to diving in a grasping at whatever pre contrived antipathy you've cooked up. Please do keep contributing. The more detail you can attempt, the better. We could all do with a giggle.

 

[elbows]

Why is watching an ICO a bad sign? I was observing it so I could check my preconceived notions about the sort of scum that are attracted to this thing, and my assumptions didn't change based on what I saw during and after the ICO. They didn't seem too interested in reality either.

 

[Idaho]

I'm not attempting to police the thread, just having my say. You are the one trying to suggest I know nothing about the subject and inviting me to leave it to rampers like you that think you know something. No, you will just have to put up with those who don't share the rainbow.

The problem is that your ignorance leads you to pick the most tedious and least interesting of the problems faced by, and potentially caused by crypto. Your answer is "bad new thing is bad and must go away".

 

[butchersapron]

It's like wit, it just doesn't have any actual humour in it.

You know very little about the subject as marx never mentioned much about cryptology (too busy berating the savage and backwards Indians perhaps?)

But your laughable ignorance on the topic is no barrier to diving in a grasping at whatever pre contrived antipathy you've cooked up. Please do keep contributing. The more detail you can attempt, the better. We could all do with a giggle.

Utterly bizarre.

You don't remember this thread at all do you?

A famously mad post. Well done.

 

[butchersapron]

HULK DEFEND - lucky, as you sure can't idaho.

 

[Idaho]

Why is watching an ICO a bad sign? I was observing it so I could check my preconceived notions about the sort of scum that are attracted to this thing, and my assumptions didn't change based on what I saw during and after the ICO. They didn't seem too interested in reality either.

Scum? Wow.

Ok, watching an ICO for education is no bad thing. They are 95% scams and 5% deluded.

 

[Idaho]

Utterly bizarre.

You don't remember this thread at all do you?

A famously mad post. Well done.

Pray continue. I'm interested to hear your "informed" (snigger) view on what the effects of crypto will be in 5 years time.

 

[elbows]

The problem is that your ignorance leads you to pick the most tedious and least interesting of the problems faced by, and potentially caused by crypto. Your answer is "bad new thing is bad and must go away".

My answer was more along the lines of 'not so new anymore thing is still badly tainted by all manner of shit, lets see if any nuggets are salvageable if some of the shit goes away eventually'.

You say I pick the most tedious problems, but when invited to explain what exactly it is supposed to be a solution for, you failed. I'm a fucking developer so answers like 'the internet of things' doesn't cut the mustard.

 

[butchersapron]

Pray continue. I'm interested to hear your "informed" (snigger) view on what the effects of crypto will be in 5 years time.

This is a great look. Do more of this. Oh, it's all you do. At least, all you can do when challenged in the slightest.

Whose business is it if we do stuff that impacts on others. It'll all be sorted soon without anyone else being involved or have a say. Even if it fails.

 

[Idaho]

First rate - keep going

 

[butchersapron]

First rate - keep going

You actually have no idea how this looks - from your first you must be drunk to disagree with me - to these later attempts to disqualify all other commentators - do you? Embarrassing.

 

[elbows]

Scum? Wow.

Its some surprise to you that people looking to make money, not by doing any meaningful work, but by playing with the timing of rises and falls in currency exchange rates might be regarded as parasitic scum by some?

 

[butchersapron]

Its some surprise to you that people looking to make money, not by doing any meaningful work, but by playing with the timing of rises and falls in currency exchange rates might be regarded as parasitic scum by some?

This is the rationale of this - and the anger and the guff about lightning bollocks etc whole. Making money. Real money.

 

[elbows]

This is the rationale of this - and the anger and the guff about lightning bollocks etc whole. Making money. Real money.

It hardly seems necessary to understand the detail of crypto-currencies when so much of it is so clearly entrenched in the classic swivel-eyed attitudes towards fiat currencies. How dare we have a money supply system that recognises the need for money supply to grow as economic activity grows, as opposed to something that becomes increasingly scarce and allows its holders to profit from such scarcity. Tally sticks, the federal reserve, drool, drool, etc.

 

[not-bono-ever]

i am just spooked at electricity facilitating scarcity innit.just seems utterly wasteful. didnt want to get into the fiat thang.

 

[elbows]

Now I'm thinking I might have to learn all the underlying tech stuff to see if there is the potential to create a coin that has exactly the opposite features, that is utterly unappealing to market scum, is highly energy efficient, and provides the sort of stability and assurance that the rascal multitude deserve from a currency used in their daily lives.

 

[Idaho]

Now I'm thinking I might have to learn all the underlying tech stuff to see if there is the potential to create a coin that has exactly the opposite features, that is utterly unappealing to market scum, is highly energy efficient, and provides the sort of stability and assurance that the rascal multitude deserve from a currency used in their daily lives.

Finally, an interesting post.

How can money be unappealing, inflationary and stable?

There are coins that only allow gpu mining (so anyone can do it) and you can adapt the algorithm to give it whatever inflation rate you like.

 

[Idaho]

Its some surprise to you that people looking to make money, not by doing any meaningful work, but by playing with the timing of rises and falls in currency exchange rates might be regarded as parasitic scum by some?

In an ICO, they would only be parasites off each other and the greater fools who show up later.