sure, but that doesn't mean it won't happen
I'm actually hoping (against reason) that the bitcoin fiasco will teach a generation of money skeptics about how money actually works
― --808 542137 (Hurting 2), Friday, April 12, 2013 10:24 AM (1 minute ago) Bookmark Flag Post Permalink
right I agree on both counts. if anything I think it's *likely* to happen.
― iatee, Friday, 12 April 2013 15:25 (eleven years ago) link
http://i.imgur.com/MTTU32e.jpg
― 乒乓, Friday, 12 April 2013 15:26 (eleven years ago) link
afaik there are trace amounts of Bitcoin in air & you use fans to blow them into your computer
http://25.media.tumblr.com/tumblr_m7cgsnnTOo1ryrmmno1_500.jpg
― Heyman (crüt), Friday, 12 April 2013 15:26 (eleven years ago) link
http://i.imgur.com/kiyOr2R.jpg
― ְ֮֠֓֟֬֩ (gr8080), Friday, 12 April 2013 15:27 (eleven years ago) link
http://i.imgur.com/XfD2Nst.jpg
― 乒乓, Friday, 12 April 2013 15:27 (eleven years ago) link
http://i.imgur.com/fK347Nm.png
― 乒乓, Friday, 12 April 2013 15:29 (eleven years ago) link
its a lottery basically, every so often a new bitcoin is minted and the more computer cycles you have entered into the lottery the better your chances of winning are
― lag∞n, Friday, April 12, 2013 10:24 AM (4 minutes ago) Bookmark Flag Post Permalink
and how often do they get minted?
― frogbs, Friday, 12 April 2013 15:30 (eleven years ago) link
http://i.imgur.com/fX9BADY.png
― 乒乓, Friday, 12 April 2013 15:30 (eleven years ago) link
http://i.imgur.com/Kk4Nvk8.jpg
― 乒乓, Friday, 12 April 2013 15:32 (eleven years ago) link
― frogbs, Friday, April 12, 2013 11:30 AM (1 minute ago) Bookmark Flag Post Permalink
the frequency is continually slowing down until at some point it will stop, all based on factors and formulas and stuff
― lag∞n, Friday, 12 April 2013 15:32 (eleven years ago) link
http://i.imgur.com/rfp1i4S.png
― 乒乓, Friday, 12 April 2013 15:35 (eleven years ago) link
http://i.imgur.com/kni6MqQ.jpg
http://i.imgur.com/aWqSKUZ.jpg
MAJOR:-BTC Bitcoin - first, strongest, most accepted, most mined, high volume market, a true currency-LTC Litecoin - second only to BTC , faster than BTC, Small efficiency gap between GPUs and CPUs , ASIC - proof-NMC Namecoin merged mined with BTC, used for alternative p2p domain system-PPC PPcoin Proof Of Stake [very innovative, low energy ] , compatibile with BTC minersMINOR:-TRC Terracoin based on BTC, fast difficulty adjustment, initialy flaved but corrected -DVC Devcoin merged mined with BTC, 90% of generation goes to foundation, 10% to miners-IXC IxCoin merged mined with BTC, premined 580k coins but still alive-NVC NovaCoin - scrypt hashing[like LTC] , proof of stake [like PPC] , controversial start-FRC Freicoin - back alive. 4.89% anual demurrage. for the first 3 years 80% block subsidy goes to foundation, 20% to minersCANDIDATES:-BTE Bytecoin- the 1:1 bitcoin copycat, nothing changed. extremally high starting hype/hashrate. -BBQ BBQCoin - forgotten after 51% attack on launch, now revived and active.DEAD / DYING :-LQC Liquidcoin made to be very fast at constant difficulty, dead [pool closed, exchange closed]-SC Solidcoin - dying (10-20% fee), designed to improove IxCoin, hard to be neutral on this one, 1.0 was a premine scam, 2.0 says BTC is pyramid scheme.-GG Geist Geld experiment on BTC algorithm, how fast can it go? just for sience.-TBX Tenebrix great idea of cpu-friendly mining with scrypt, but premined with 7.7milion coins - alive but little support due to premining-FBX Fairbrix - Tenebrix without the premine, bad launch, alive but little support.-I0C I0coin - ixcoin without the premine. Dead-CLC Coiledcoin - some nice ideas, but killed in 51% attack-RUC Rucoin - copy of bitcoin, only difference is that it was developed in russian not english.than reborn much different, not confirmed if it is the same blockchain, both scrypt[like LTC] and sha256d , nice client !warning! not opensource ! dying again-TimeKoin - PHP webbased coin, alive but not used or traded.-Beertokens -abitious [impossible?] try to stabilize price against commodity.-MMM MMMcoin - Dead coin by notorious scamer SPMavrodi, named "yes we can" "my mozem mnogoye"
-BTC Bitcoin - first, strongest, most accepted, most mined, high volume market, a true currency-LTC Litecoin - second only to BTC , faster than BTC, Small efficiency gap between GPUs and CPUs , ASIC - proof-NMC Namecoin merged mined with BTC, used for alternative p2p domain system-PPC PPcoin Proof Of Stake [very innovative, low energy ] , compatibile with BTC miners
MINOR:
-TRC Terracoin based on BTC, fast difficulty adjustment, initialy flaved but corrected -DVC Devcoin merged mined with BTC, 90% of generation goes to foundation, 10% to miners-IXC IxCoin merged mined with BTC, premined 580k coins but still alive-NVC NovaCoin - scrypt hashing[like LTC] , proof of stake [like PPC] , controversial start-FRC Freicoin - back alive. 4.89% anual demurrage. for the first 3 years 80% block subsidy goes to foundation, 20% to miners
CANDIDATES:
-BTE Bytecoin- the 1:1 bitcoin copycat, nothing changed. extremally high starting hype/hashrate. -BBQ BBQCoin - forgotten after 51% attack on launch, now revived and active.
DEAD / DYING :
-LQC Liquidcoin made to be very fast at constant difficulty, dead [pool closed, exchange closed]-SC Solidcoin - dying (10-20% fee), designed to improove IxCoin, hard to be neutral on this one, 1.0 was a premine scam, 2.0 says BTC is pyramid scheme.-GG Geist Geld experiment on BTC algorithm, how fast can it go? just for sience.-TBX Tenebrix great idea of cpu-friendly mining with scrypt, but premined with 7.7milion coins - alive but little support due to premining-FBX Fairbrix - Tenebrix without the premine, bad launch, alive but little support.-I0C I0coin - ixcoin without the premine. Dead-CLC Coiledcoin - some nice ideas, but killed in 51% attack-RUC Rucoin - copy of bitcoin, only difference is that it was developed in russian not english.than reborn much different, not confirmed if it is the same blockchain, both scrypt[like LTC] and sha256d , nice client !warning! not opensource ! dying again-TimeKoin - PHP webbased coin, alive but not used or traded.-Beertokens -abitious [impossible?] try to stabilize price against commodity.-MMM MMMcoin - Dead coin by notorious scamer SPMavrodi, named "yes we can" "my mozem mnogoye"
― Chuck E was a hero to most (s.clover), Friday, 12 April 2013 15:37 (eleven years ago) link
http://i.imgur.com/9n6xL9w.png
― 乒乓, Friday, 12 April 2013 15:38 (eleven years ago) link
http://i.imgur.com/H7eGjj6.png
http://i.imgur.com/AajUnnS.jpg
― 乒乓, Friday, 12 April 2013 15:40 (eleven years ago) link
http://i.imgur.com/G9JSCRI.jpg
Somebody has been reading business insider
― gr8 tr∞lls i have known (forksclovetofu), Friday, 12 April 2013 15:43 (eleven years ago) link
you have iirc
― lag∞n, Friday, 12 April 2013 15:43 (eleven years ago) link
ha, that graph is great, xp
― --808 542137 (Hurting 2), Friday, 12 April 2013 15:43 (eleven years ago) link
theres no such thing as smart money
― lag∞n, Friday, 12 April 2013 15:44 (eleven years ago) link
yes there is, it's called bitcoins iirc
― --808 542137 (Hurting 2), Friday, 12 April 2013 15:46 (eleven years ago) link
tru
― lag∞n, Friday, 12 April 2013 15:49 (eleven years ago) link
bitcoins
― 乒乓, Friday, 12 April 2013 15:50 (eleven years ago) link
Now I've had the time of my lifeAnd I owe it all to you you you you you you you you Dirty bit(coin)
― relentless technosexuality (DJP), Friday, 12 April 2013 15:54 (eleven years ago) link
http://i.imgur.com/XJv3KQo.jpg
― 乒乓, Friday, 12 April 2013 15:59 (eleven years ago) link
http://i.imgur.com/il3yano.png
― 乒乓, Friday, 12 April 2013 16:02 (eleven years ago) link
keeper
― lag∞n, Friday, 12 April 2013 16:03 (eleven years ago) link
http://stripcoin.com/
― 乒乓, Friday, 12 April 2013 16:04 (eleven years ago) link
but dude feels no obligation to shave that shitsmear off his face
― --808 542137 (Hurting 2), Friday, 12 April 2013 16:04 (eleven years ago) link
http://i.imgur.com/g48H0Cc.jpg
― 乒乓, Friday, 12 April 2013 16:05 (eleven years ago) link
why is "pedobear :D" making me lol so hard
― relentless technosexuality (DJP), Friday, 12 April 2013 16:05 (eleven years ago) link
http://i.imgur.com/U52iOyp.jpg
http://i.imgur.com/BmZHq59.png
― 乒乓, Friday, 12 April 2013 16:06 (eleven years ago) link
i could totally see this being a fascination if i were a kid. mystical computer moneytree. like polybagged x-force #1
― gr8 tr∞lls i have known (forksclovetofu), Friday, 12 April 2013 16:09 (eleven years ago) link
bitcoin.txt @bitcoin_txt 5mwe all know its only a matter of time before BTC surges back up past 266 this time. When will the next 'bubble' (holds back laughter) be?
― lag∞n, Friday, 12 April 2013 16:09 (eleven years ago) link
all of these nerds literally made $386,720.58 overnight so
― sleepingbag, Friday, 12 April 2013 16:09 (eleven years ago) link
http://i.imgur.com/59ZCAfA.jpg
this sign looks hella banged up, like somebody went at it with an ice pick
― zero dark (s1ocki), Friday, 12 April 2013 16:10 (eleven years ago) link
ppl were flinging their bitcoins at it
― relentless technosexuality (DJP), Friday, 12 April 2013 16:11 (eleven years ago) link
― sleepingbag, Friday, April 12, 2013 12:09 PM (31 seconds ago) Bookmark Flag Post Permalink
really did all of them literally
― lag∞n, Friday, 12 April 2013 16:11 (eleven years ago) link
in total, he means
― relentless technosexuality (DJP), Friday, 12 April 2013 16:12 (eleven years ago) link
really did all of them totally
― lag∞n, Friday, 12 April 2013 16:16 (eleven years ago) link
no each one of them made that exact sum is what i meant
― sleepingbag, Friday, 12 April 2013 16:17 (eleven years ago) link
i may not be operating on the right metaphysical plane here but idg how this is any less of a mass consensual delusion than any other currency
― goole, Friday, 12 April 2013 16:19 (eleven years ago) link
it's much more of one!
― --808 542137 (Hurting 2), Friday, 12 April 2013 16:21 (eleven years ago) link
well its doesnt have any sort of justice system and military backing it up for one thing
― lag∞n, Friday, 12 April 2013 16:21 (eleven years ago) link
doesn't it have... all of them? think abt it
― goole, Friday, 12 April 2013 16:22 (eleven years ago) link
not that i think mass consensual delusion is a very accurate was to describe currency, its an intentional system not a delusion
― lag∞n, Friday, 12 April 2013 16:22 (eleven years ago) link
i think the question is why would you want to hold bitcoins if u were not 1.) speculating or 2.) buying drugs
― 乒乓, Friday, 12 April 2013 16:23 (eleven years ago) link