"We are now spending more electricity mining bitcoin than is produced by all the worlds solar panels combined. So we have eliminated all the progress that we made on green energy, just through bitcoin use."https://t.co/IrhMTMtWrR— Mike Perham (@mperham) February 22, 2019
― Jersey Al (Albert R. Broccoli), Sunday, 24 February 2019 03:54 (five years ago) link
the electricity drain from cryptocurrency IS a big problem, but the quote doesn't appear in the NYT op-ed that the tweet links to. deep in the comments to the tweet, someone mentions that actually the quote came from this article (https://www.vox.com/energy-and-environment/2019/2/22/18188562/climate-change-david-wallace-wells-the-uninhabitable-earth), but it's not in there either. someone else thinks it was in the vox piece, but was deleted:
Very interesting - it seems like they deleted the quote without mention. Thanks @internetarchive: https://t.co/Jz5sGOol86 pic.twitter.com/qSyg0czZmm— Michel Rauchs (@mrauchs) February 23, 2019
and someone ELSE thinks that the error originated from a conflation between gigawatts and gigawatt-hours, two very different units of electricity usage.
to sum up, arrrrrgh
― Karl Malone, Sunday, 24 February 2019 04:45 (five years ago) link
*chef finger kisses*
https://www.bbc.co.uk/news/technology-47454528
― Neil S, Tuesday, 5 March 2019 13:21 (five years ago) link
"died in India" ie ran off with all these hipster crypto-fucks money. He's probably sleeping on Lord Lucan's couch.
― just another country (snoball), Tuesday, 5 March 2019 13:25 (five years ago) link
https://ichef.bbci.co.uk/news/624/cpsprodpb/5971/production/_105479822_hi044540818.jpg
this picture of a real bitcoin tickles me
― koogs, Tuesday, 5 March 2019 13:26 (five years ago) link
what a shocking plot twist, who could have foreseen that someone involved in crypto would be a scammer
― invited to an unexpected ninja presentation (bizarro gazzara), Tuesday, 5 March 2019 13:27 (five years ago) link
If anyone's reading this who didn't foresee that, I have some real estate that you might be interested in...
― just another country (snoball), Tuesday, 5 March 2019 13:34 (five years ago) link
sorry all my money's tied up in a really exciting iraqi dinar/blockchain opportunity right now
― invited to an unexpected ninja presentation (bizarro gazzara), Tuesday, 5 March 2019 13:40 (five years ago) link
Unlike some other people, I am fairly convinced Cotten is dead. Likeliest story is that one of his even shadier business partners managed to take advantage of a window of opportunity when he fell ill.
― bhad bundy (Simon H.), Tuesday, 5 March 2019 14:01 (five years ago) link
you have to hand it to The Men of Bitcoin, you get none of these shenanigans with boring old government-backed currencies
― Neil S, Tuesday, 5 March 2019 14:11 (five years ago) link
bitcoin?
shitcoin morelike
― invited to an unexpected ninja presentation (bizarro gazzara), Tuesday, 5 March 2019 14:13 (five years ago) link
"shitcoin" is already a widely used term for all non-BTC coins
try harder bg, I know you can
― bhad bundy (Simon H.), Tuesday, 5 March 2019 14:14 (five years ago) link
that sounds right to me. you don't have to fake your own death to steal crypto, you can just "lose" the "key"
― frogbs, Tuesday, 5 March 2019 14:18 (five years ago) link
bitcoin more like
https://i.pinimg.com/originals/8b/02/83/8b0283b5a45efb3b8ae1c61174193162.jpg
― Gary Ornmigh, Heywood's son (Old Lunch), Tuesday, 5 March 2019 14:19 (five years ago) link
"shitcoin" is already a widely used term for all non-BTC coinstry harder bg, I know you can
fuck, owned by the bitcoin community
er... ungoodcoin morelike
― invited to an unexpected ninja presentation (bizarro gazzara), Tuesday, 5 March 2019 14:24 (five years ago) link
sir, please leave
― Neil S, Tuesday, 5 March 2019 14:26 (five years ago) link
In Dark Web We Trust
― nickn, Tuesday, 5 March 2019 17:19 (five years ago) link
― just another country (snoball), Tuesday, March 5, 2019 5:25 AM (three hours ago) Bookmark Flag Post Permalink
jesus, the word hipsters is abused all over the place but using it to refer to crypto neckbeards takes the cake
― ( ͡☉ ͜ʖ ͡☉) (jim in vancouver), Tuesday, 5 March 2019 17:25 (five years ago) link
yeah I have met a shit ton of crypto people and there isn't a single one who remotely qualifies for that title. completely different set of subcultural cues at work. they're basically just nerds and libertarians (and tech-libertarians)
― bhad bundy (Simon H.), Tuesday, 5 March 2019 21:27 (five years ago) link
https://edition.cnn.com/2019/04/19/asia/thai-sea-home-us-bitcoin-trader-scli-intl/index.html
― mark s, Saturday, 20 April 2019 19:35 (four years ago) link
^^^US bitcoin trader and girlfriend could face death penalty over Thai 'seastead'
the seastead looks like crap btw
― mark s, Saturday, 20 April 2019 19:36 (four years ago) link
Related Article: Dog found swimming 135 miles off the coast of Thailand
― A is for (Aimless), Saturday, 20 April 2019 19:44 (four years ago) link
things continue to go wellhttps://www.theregister.co.uk/2019/04/26/bitfinex_fraud_claims/
― Neil S, Monday, 29 April 2019 13:25 (four years ago) link
the hilarious legal fall of a man who needs to keep claiming he's satoshi nakamoto:
What does it look like when the world's most impossibly arrogant douchebag wanders into the vipers nest that is a US federal courtroom? It's not good. But it's funny.https://t.co/M4CFG1SAE1— The ALAB Podcast Series (@ALABSeries) September 9, 2019
― mark s, Monday, 9 September 2019 13:20 (four years ago) link
Should try and read the O'Hagan piece on Satoshi
― xyzzzz__, Monday, 9 September 2019 14:59 (four years ago) link
i remember it being readable without being elucidatory lol
― mark s, Monday, 9 September 2019 15:12 (four years ago) link
https://www.youtube.com/watch?v=JaMJi1_1tkA
― global tetrahedron, Monday, 9 September 2019 15:13 (four years ago) link
https://www.macrumors.com/2020/03/18/opera-browser-users-buy-bitcoin-apple-pay/
― calstars, Wednesday, 18 March 2020 23:28 (four years ago) link
catering to people who have enough money to fool around with bitcoin investing seems like a way to rake in some of their MSM (Main Stream Money).
― A is for (Aimless), Wednesday, 18 March 2020 23:48 (four years ago) link
I bought a bitcoin back when they were cheap but I'm not even sure how to sell it or if my paper wallet still works. I probably should have tried to sell it a long time ago.
― The fillyjonk who believed in pandemics (Lily Dale), Thursday, 19 March 2020 01:26 (four years ago) link
more on my good friend, noted philanthropist gerald cotten
The Quadriga cryptocurrency exchange that saw millions of dollars disappear just as its founder died was a "fraud" and Ponzi scheme, according to the Ontario Securities Commission.The regulator said Thursday that Vancouver-based Quadriga's late founder Gerald Cotten committed fraud by opening accounts under aliases and crediting himself with fictitious currency and crypto asset balances, which he traded with unsuspecting clients.Cotten, the OSC said in a new report, ran into a shortfall in assets available to satisfy client withdrawals when the price of the crypto assets changed. He started running a Ponzi scheme that covered the shortfall with other clients' deposits, the agency determined.
The regulator said Thursday that Vancouver-based Quadriga's late founder Gerald Cotten committed fraud by opening accounts under aliases and crediting himself with fictitious currency and crypto asset balances, which he traded with unsuspecting clients.
Cotten, the OSC said in a new report, ran into a shortfall in assets available to satisfy client withdrawals when the price of the crypto assets changed. He started running a Ponzi scheme that covered the shortfall with other clients' deposits, the agency determined.
https://www.cbc.ca/news/business/osc-quadriga-gerald-cotten-1.5607990
― k*r*n koltrane (Simon H.), Friday, 12 June 2020 16:29 (three years ago) link
are you ready for an imaginary stock market for celebrities that trades in character-specific cryptocurrency that is (and i cannot stress this enough) totally not a scam?https://bitclout.com/
What can happen when you give people the ability to speculate on a person’s reputation? We can’t know for sure, but one of the features that has emerged is what we call “buy and retweet.” Ordinarily, retweeting someone gives you nothing. If that person becomes a superstar because you boosted them, you’ll be lucky if they even remember your name in a few years. In contrast, with BitClout you can buy someone’s coin and then retweet them,which makes it so that you’re not only along for the ride financially if they blow up, but you also get bragging rights. Imagine the difference between being able to say “I retweeted her early on” vs being able to say “I bought her coin when it was $0.50 and now it’s $500-- and by the way I’ve done this hundreds of times, and I can prove it because my track record is on the blockchain.” The latter is clearly a very different game. Moreover, it’s not just a famous person’s game. If you know someone with a lot of clout, or if you know someone who knows someone, you can buy a coin and send it to someone else so that they can buy and retweet them. And thus the incentives go many layers deep. The interesting thing about this mechanic is that it wasn’t even something consciously designed into the product. It exists as an “emergent” phenomenon off of the core creator coin mechanic. What other dynamics could exist that we haven’t yet thought of?
― G.A.G.S. (Gophers Against Getting Stuffed) (forksclovetofu), Wednesday, 7 April 2021 18:01 (two years ago) link
One thing I've never really understood about bitcoin mining: what are these "complex hashing puzzles" that are all ostensibly unique and how are they derived in order to ultimately be solved by the mining process? Does the solving of these puzzles have some sort of ancillary benefit beyond creating unique tokens... (e.g. mathematicians/scientists)? Is there a difference between the type of puzzles that are solved by various bitcoin marketplaces? Is an Ethereum puzzle the same sort of hash problem as a Dogecoin puzzle or whatever? Or are they all competing for the same resource of difficult hash puzzles? What prevents one vendor from tokenizing the result of the same puzzle another has solved?
― reggae mike love (polyphonic), Wednesday, 7 April 2021 18:15 (two years ago) link
I don't know the other currencies, but at least for bitcoin, it's not really a variety of puzzles. It's just the same puzzle over and over again with different inputs, and increasing level of difficulty. The inputs to the puzzle are the new transactions that people wish to transact and the history of previous transactions. So the puzzle is kind of an inexhaustible resource. The solutions to these puzzles are of no interest to anyone outside the realm of bitcoin.
― o. nate, Thursday, 8 April 2021 00:33 (two years ago) link
sighthe “world” is going to have a layer of speculation over everything soon, right? A value on absolutely everything? This feels like an onslaught, completely unregulated
― Zach_TBD (Karl Malone), Saturday, 10 April 2021 13:48 (two years ago) link
https://arstechnica.com/tech-policy/2021/05/china-advances-its-war-on-bitcoin-cracks-down-on-mining/
― pomenitul, Monday, 24 May 2021 20:02 (two years ago) link
Thank you, President Xi.
― Joe Bombin (milo z), Monday, 24 May 2021 20:09 (two years ago) link
I saw a Tesla with LOVE BTC vanity plates yesterday, bet it’s been a rough fortnight for them.
Happy 10th anniversary, this thread.
― Mr. Snrub, Monday, 24 May 2021 20:12 (two years ago) link
Heh, good catch.
― pomenitul, Monday, 24 May 2021 20:13 (two years ago) link
Opening post is still otm.
watching the crypto market collapse in real time is literally so joyous https://t.co/vlX9tXo3fe— red instead redemption (@khatange) May 22, 2021
― chihuahuau, Monday, 24 May 2021 22:45 (two years ago) link
Schadenfreude tempered by the fact that everyone in on Bitcoin before September of last year or so is still making out like a bandit.
― Joe Bombin (milo z), Monday, 24 May 2021 23:32 (two years ago) link
i have to admit that i would love to see bitcoin be a tremendous success in 2014 and all these seemingly deluded nerds walk away with massive payouts and all the internet intelligentsia forced to admit how wrong and cynical they were"it was a gold rush and we missed it... why couldn't i just BELIEVE"― this harmless group of nerds and the women that love them (forksclovetofu), Thursday, January 9, 2014 it would be so fun― this harmless group of nerds and the women that love them (forksclovetofu), Thursday, January 9, 2014
it would be so fun― this harmless group of nerds and the women that love them (forksclovetofu), Thursday, January 9, 2014
― Draymond is "Mr Dumpy" (forksclovetofu), Tuesday, 25 May 2021 03:00 (two years ago) link
Sucks to think about the value of the bitcoins I spent on DMT/assorted psychedelics.
― Joe Bombin (milo z), Tuesday, 25 May 2021 04:29 (two years ago) link
I could buy a house. Not a great house but a house.
actually I guess that would have been true ten days ago, now I could buy most of a bad condo.
― Joe Bombin (milo z), Tuesday, 25 May 2021 04:30 (two years ago) link
On another thread I told the tragic story of how I thought I had a bitcoin all saved up and found out only this year, when I went to sell it, that the friend who bought it for me accidentally spent it back in 2014. Wouldn't have been enough to buy a house, but it could have covered my next year of living expenses now that I've been laid off.
― Lily Dale, Tuesday, 25 May 2021 04:40 (two years ago) link
Ooof. That’s brutal.
― Joe Bombin (milo z), Tuesday, 25 May 2021 04:46 (two years ago) link
I’ve decided that I’m going to join @deeznutscoin_ and what they stand for and I’m going ALL in on DeezNuts! pic.twitter.com/KXBcWoioYi— AB (@AB84) June 2, 2021
― Draymond is "Mr Dumpy" (forksclovetofu), Wednesday, 2 June 2021 18:48 (two years ago) link