Admittedly, I are people who is now bitter. Good call.
― the smartest persin in the room (Old Lunch), Tuesday, 9 January 2018 20:28 (six years ago) link
lmao did you notice the name on top
― frogbs, Tuesday, 9 January 2018 20:29 (six years ago) link
millenial nocoiners
― mh, Tuesday, 9 January 2018 20:29 (six years ago) link
i am actually intrigued by what the kodak coin might lead to for people who produce images for a living:
In an official announcement, Kodak said the cryptocurrency would underpin "an encrypted, digital ledger of rights ownership for photographers." Kodak is working with a company called WENN Digital on the initiative.The idea is that photographers could use Kodak's forthcoming blockchain to register works, with "KODAKCoin" functioning as a medium of exchange on the platform. Users can receive payment in the cryptocurrency as well as pay for rights, according to the company.
The idea is that photographers could use Kodak's forthcoming blockchain to register works, with "KODAKCoin" functioning as a medium of exchange on the platform. Users can receive payment in the cryptocurrency as well as pay for rights, according to the company.
― Karl Malone, Tuesday, 9 January 2018 21:03 (six years ago) link
theres also this for the lulz
https://nypost.com/2018/01/08/ceo-of-porn-cryptocurrency-disappears-with-investor-money/
― infinity (∞), Tuesday, 9 January 2018 21:07 (six years ago) link
I feel like the definition of the word 'currency' is a little more specific than the fashion in which it's being bandied about these days.
In other news, I'd like to introduce you all to my new cryptocurrency, Salsacoin. It's a robust yet mild salsa and it's just to die for.
― the smartest persin in the room (Old Lunch), Tuesday, 9 January 2018 21:10 (six years ago) link
does it come in extra hot
― infinity (∞), Tuesday, 9 January 2018 21:12 (six years ago) link
if i can get in on salsacoin when it's still valued at .0000000000000001 BTC, we can buy an ILX yacht with the profits when it's valued at .000001 BTC
― Karl Malone, Tuesday, 9 January 2018 21:12 (six years ago) link
didn't see the nainan / bitcoin crossover coming but in retrospect it's so obvious
― pee-wee and the power men (bizarro gazzara), Tuesday, 9 January 2018 21:13 (six years ago) link
obvcoin
― infinity (∞), Tuesday, 9 January 2018 21:13 (six years ago) link
km otm tho, kodakcoin actually sounds like it might be... a good idea?
― pee-wee and the power men (bizarro gazzara), Tuesday, 9 January 2018 21:14 (six years ago) link
would be nice if someone or something that wasn't a big dying company would take the lead on it, though.
― Karl Malone, Tuesday, 9 January 2018 21:17 (six years ago) link
someone like... dan nainan?
― pee-wee and the power men (bizarro gazzara), Tuesday, 9 January 2018 21:18 (six years ago) link
he has youth on his side after all
i...must admit that that i have no idea who dan nainan is, but that name sounds fake
― Karl Malone, Tuesday, 9 January 2018 21:19 (six years ago) link
oh boy you’re in for a treat my dude
― pee-wee and the power men (bizarro gazzara), Tuesday, 9 January 2018 21:21 (six years ago) link
https://www.thedailybeast.com/dan-nainan-the-medias-favorite-millennial-is-55-years-old"> https://www.thedailybeast.com/dan-nainan-the-medias-favorite-millennial-is-55-years-old
― pee-wee and the power men (bizarro gazzara), Tuesday, 9 January 2018 21:23 (six years ago) link
find a nonce by shaking and blowing on your monitor
― Scatperson (ski-ba-bop-ba-dop-whore.) (Sufjan Grafton), Tuesday, 9 January 2018 21:28 (six years ago) link
obligatory
https://media.giphy.com/media/ifxLK48cnyDDi/giphy.gif
― Karl Malone, Tuesday, 9 January 2018 21:29 (six years ago) link
― Karl Malone, Tuesday, 9 January 2018 21:30 (six years ago) link
goddammit. i don't know how the internet works.
buscemi__howdoyoudofellowkids.gif
i can see the two gifs
― lag∞n, Tuesday, 9 January 2018 21:34 (six years ago) link
https://www.youtube.com/watch?v=cAuPmbF0tbY
― IF (Terrorist) Yes, Explain (man alive), Tuesday, 9 January 2018 21:36 (six years ago) link
― pee-wee and the power men (bizarro gazzara), Tuesday, January 9, 2018 3:14 PM (twenty-six minutes ago) Bookmark Flag Post Permalink
someone at work was making a case for blockchain-style auditing on scientific experiment data storage the other day and yeah, that's actually a good use case
― mh, Tuesday, 9 January 2018 21:43 (six years ago) link
Blockchain as an distributed asset register and tracking tool is legitimately a good use of the tech and there’s probably far more value in that use case in the long run than as a ‘currency’. The major downside of blockchain is that time to transact is almost always going to be slower Han with a centralised data store but for the asset management use case this isn’t necessarily that much of a downside.
― American Fear of Pranksterism (Ed), Tuesday, 9 January 2018 21:48 (six years ago) link
Karl you are going to love this guy
― frogbs, Tuesday, 9 January 2018 22:01 (six years ago) link
occurs to me that at current prices the mt gox hack may be the biggest robbery ever in the history of the world (depending on how u define robbery)
one of the funniest 2017 bitcoin news things to me was that ppl who had lost money held on mtgox ended up resuing them because they had their bankruptcy claims settled in yen and the btc that mtgox still held ended up being worth way more than the yen settlements made in 201X, meaning that mtgox ended up much better off than their former account holders
kinda got sucked into crypto cuz some of my coworkers are super into and have been trading a little, bought a cool cold wallet, which is a cool name
― (° . ° )― (Lamp), Tuesday, 9 January 2018 22:25 (six years ago) link
https://i.imgur.com/la4PbX5.jpg
― pee-wee and the power men (bizarro gazzara), Tuesday, 9 January 2018 22:27 (six years ago) link
^created bitcoin iirc
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Wednesday, 10 January 2018 04:08 (six years ago) link
So if I understand correctly referring to blockchain transactions as 'currency' is roughly analogous to calling that device in your pocket a 'phone' even though communicating through it with your voice only accounts for like 7% of said device's total employment.
― the smartest persin in the room (Old Lunch), Wednesday, 10 January 2018 05:35 (six years ago) link
Hey I have an all-new cryptocurrency, it's called Chocolateraincoin, and it's a thing where I use blockchain to send you a video file of 'Chocolate Rain' and you send me a different video file in exchange. We gon be rich, my man.
― the smartest persin in the room (Old Lunch), Wednesday, 10 January 2018 05:37 (six years ago) link
Best to think of blockchain as a self replicating database that exists in a distributed form across the network. It has some really interesting applications as a transaction ledger, asset register and tracking tool. Every time there is a change that change can be recorded in the block chain. The idea being that sooner or later everyone with access to the blockchain has a copy of that information and this distributed ledger is really hard to corrupt because changes to one copy of the ledger won’t be proegated across the network so will stick out like a sore thumb.
I’m guess that Kodak’s blockchain stores some kind of fingerprint gat can be dervied from an image. Any time the image is used the fingerprint can be checked against the copy Store in he blockchain and the owner identified and compensated.
I had a very frustrating internal company hackathon just recently run by some blockchain consultants. I was there to give the coders something to work on and tried to get them to work on a distributed asset register system. Unfortunately the techbro consultant banged on for 20 minutes about coins vs fiat currency and we needed up with a blockchain based rewards programme.
― American Fear of Pranksterism (Ed), Wednesday, 10 January 2018 06:29 (six years ago) link
Possibly only funny to aus peeps re our tax system but this is gold:
http://www.betootaadvocate.com/humans-of-betoota/local-cryptopreneur-learn-capital-gains-tax/
― Stoop Crone (Trayce), Wednesday, 10 January 2018 08:28 (six years ago) link
(Betoota is a local Onion site in case that wasnt obvious)
the kodak one would make sense from an attribution standpoint but I'm wondering how long it'd be until someone determines how it's either storing a key in the image, the image metadata, whatever, and someone writes a tool that scrambles it
of course this is my random speculation based on how I think it'd work, they might have a better solution
― mh, Wednesday, 10 January 2018 15:44 (six years ago) link
lmao this threads ~thoughts~ on kodakcoin when compared to what kodak is actually doing is the perfect microcosm of the bitcoin hypecycle
Kodak is selling a Bitcoin miner where you pay for a two year contract and “make a profit”. (*at current prices, Kodak gets half of all bitcoin you produce.) This is the dumbest shit I’ve ever seen at CES. pic.twitter.com/rbzECVEMn7— Chris Hoffman (@chrisbhoffman) January 9, 2018
― lag∞n, Wednesday, 10 January 2018 16:21 (six years ago) link
and obvs obvs OBVS even if they ever do develop a photo attibution/payment coin no one will ever use it in a million years lol cmon
― lag∞n, Wednesday, 10 January 2018 16:23 (six years ago) link
client ok can i paypal you
actually download this crypto wallet then........
itd be funny to play the blockchain dreams game except with relational databases, u cld really accomplish a lot of stuff the future is limitless
― lag∞n, Wednesday, 10 January 2018 16:25 (six years ago) link
the cool thing abt the blockchain is that everyone gets to be a database admin
― lag∞n, Wednesday, 10 January 2018 16:29 (six years ago) link
a guid for you, a guid for you... guids for everyone!
― mh, Wednesday, 10 January 2018 16:30 (six years ago) link
https://pbs.twimg.com/media/DTMU1P7X0AM5KZN.jpg
― lag∞n, Wednesday, 10 January 2018 16:41 (six years ago) link
finally
― mh, Wednesday, 10 January 2018 16:46 (six years ago) link
it's been a while since i've read the whitepaper (which i recommend: it's a surprisingly easy read), but iirc part of the whole deal with the currency is that it's an incentive to uphold the current consensus blockchain
― scoff walker (diamonddave85), Wednesday, 10 January 2018 17:01 (six years ago) link
even the currency part is really more like a commodity or an old fashioned commodity backed currency eg the gold standard than it is like a currency as we understand it today, which its no surprise this scheme was developed by libertarians who are insanely stupid and wrong headed about this sort of thing
― lag∞n, Wednesday, 10 January 2018 17:06 (six years ago) link
but anyway no blockchain isnt being used for many non currency things some unclear if anyone is actually using smart contract functionality aside the world changing potential of the blockchain is pure thought leader coke dreams at this point, and i havent read the bitcoin whitepaper but i have seen a bunch of those satochi emails and it seems pretty clear from those that the point of developing the blockchain was to support cryptocurrency with an explicitly political goal of undermining governmental/banking monopolies on money
― lag∞n, Wednesday, 10 January 2018 17:12 (six years ago) link
currency is, at its root, cash that's issued and verified by a central authority. any paperless transaction is handled by financial institutions that, again, are regulated and government by that authority
blockchain currency has some great selling points for asset management in that there's a commodity that has a known scarcity (a "coin"), absolutely everyone knows where every single coin is at every point in time because there's a ledger that shows the current assigned owner and absolutely every transaction back to when it was created.
so using "coins" as a marker of assets is completely linked to trust in the distributed ledger system. the problem with using it as currency, actually buying things that aren't agreed to have a value in a certain number of coins, is that you introduce intermediaries to let you trade in fractional coins.
bitcoin is basically a really halfassed gold standard. I have a brick of gold, I hand it to a guy who holds on to it, and he'll let me pull it back out, pay me for it, or (uh oh) spend a fraction of that brick. Any fractional trading is now 100% based on trust in this guy who has my brick -- it's his brick now, possession is 9/10th etc. So now your faith is transferred to an intermediary keeping track of things. It's someone running a gold standard bank, you trust that they have the gold bricks in the back room. any time someone trades less than a full bitcoin they're doing this, and the blockchain may not even be touched
transactions against the actual blockchain, that's trading in full bricks of gold. if it's assigned to your account and you maintain ownership of your keys, it's 100% yours -- you can load up the ledger and do your own transactions. But doing transactions against the ledger is now a pain the the ass because of the amount of space it takes and the computing power/time investment. so I decide to use an intermediary to handle transactions for me. again, this is giving some of my trust to a third-party, and they're using my authority on my behalf
― mh, Wednesday, 10 January 2018 17:23 (six years ago) link
Bitcoin is divisible to like 8 places though. theoretically there's no difference between 1 BTC and 0.01 BTC.
still, that does touch on a major issue with any cryptocurrency - there's no failsafe, if I've got $50k in BTC and I lose the private key (or, more likely, trust it to a bad exchange), it's just gone forever. once those systems get built in you're left with a really inefficient and less safe version of the monetary system we have now.
― frogbs, Wednesday, 10 January 2018 17:27 (six years ago) link
Yet another reason that occurs to me as to why bitcoin will never see widespread adoption: no one is going to make people do it, so only true believers will ever use it. People use US currency because (1) it's what they get paid in (2) you can pay for goods with it everywhere and (3) you HAVE TO pay your taxes in it. Even if lots of retailers start accepting bitcoin, I don't see 1 and 3 changing. I don't even think a substantial minority of people will ever adopt some crazy newfangled currency that no one forces them to use.
― IF (Terrorist) Yes, Explain (man alive), Wednesday, 10 January 2018 17:32 (six years ago) link