bit¢oin$

that was kind of the gist of an another software development anecdote I heard this year: if you want to know what is going to be big really soon, look at what academic research was into 15 - 20 years ago

biomed was big in 1998 i think?

most academic research will go nowhere but then some of it will be a big deal its just pretty much impossible to figure out what will pan out, blockchain on the other hand is just some weird left field shit created by like one to five guys who may or may not be academics that caught the fancy of VCs and online thought leaders professional and otherwise, seems unlikely if it cant find a use beyond pretend currencies with all the resources thatve been pumped into it that its going to emerge from hibernation in 20 years to be useful to someone, interesting tho that its creators were really just in it for the currency aspect and all the visionary free associating was grafted on by ppl looking for the next big thing, but not looking that hard

its basically the google glass of data storage schemes

The tulips of distributed hash tables

Like ppl already make lots of money off data structures it’s called AWS

tbh i do find one thing abt it compelling: crime, especially as technology facilitates more more the global surveillance state

the problem is u still have to cash out some how and that interface with the accredited financial system is always going to be a pain point, the whole crypto currency scenario doesnt really work unless u can spend them, which will never happen because a. its a terrible product b. if it did become popular itd just be regulated anyway

imo the big win of machine learning stuff is going to be training people that data retention is important, and that there is no _bad data_

the last point is hard to convince people of, even scientists want to delete failed experiments, botched lab stuff (forgot to set a thermometer, whatever) when you should just flag it accordingly and document a reason. if you want processes to get better, you have to document how your process failed and ppl hate that

imo the blockchain is good because data can’t be removed, but the mechanism is horrible

everything can be deleted --game of thrones

Head of Exmo has been kidnapped:

https://www.bbc.com/news/amp/business-42505261

The reports said he was dragged into a black Mercedes-Benz by men wearing balaclavas.

hell yea

Yr man was released after paying $1m in Bitcoins as a ransom. Shame the police can’t trace them now, eh?

https://www.cnbc.com/2018/01/02/ceo-of-soaring-blockchain-stock-sells-about-870000-worth-of-the-shares.html

looooool

salute lol

https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2018/01/02/104924577-Screen-Shot-2018-01-02-at-4.01.34-PM.1910x1000.jpg?v=1514926990

That means O'Rourke received a gross payout of $869,256 and made at least $712,000 on Riot's 600-plus percent price surge in the last few months on a name change that added the word "blockchain."

Announcements tying companies to the blockchain technology that also backs bitcoin have caused several tiny stocks to soar dramatically in the last several months. In December, bitcoin itself had briefly surged about 1,900 percent for the year.

def normal stuff insane price volatility in online money u cant spend anywhere + other insanely obvious signs of market manipulation https://hackernoon.com/tether-the-tail-wagging-the-dog-3ebfd4640825

A co worker bought ripple at 16 cents and now its fucking $2.70

That’s a 1600% gain in two months or so
But it ain’t a profit unless he sells that’ shit

xp

i mentioned buying ripple wld be good a couple weeks ago in the other bitcoin thread since it is so cheap and was the non-mining cryptocurrency that saw the biggest increase in value plus bank thing etc

anyway it's all pretty volatile/unstable now so it's anybody's guess as to which ones will be of any value in the future

https://gizmodo.com/chinas-crackdown-on-crypto-mining-threatens-bitcoins-fu-1821820017

oh man how is it possible that governments could ever control this that isn't possible nakamoto said so

bitcoin is the cia do yr research

I’m hearing from a few people with bitcoins (yes, plural) and other cryptocurrencies that mining is no longer where the money is

The article seems to be conflating mining cryptcurrencies with all cryptocurrencies

Tempted to either:

1. Buy a tonne of different cheap cryptoc and risk gaining/losing a bit with whichever increases/decreases in value

2. Buy ethereum

3. Buy ripple

Just imagine the run when this shit is revealed to be nothing.

It's been fun to see how my dad suddenly got sucked up into cryptocurrency. I've only seen him like this 25 years ago when stocks suddenly drew his attention in a mad way. He's got Ethereum now and knows more about blockchains etc than I do. He feels so fucking cutting edge lol.

Eth is so ‘16

Sorry for bumping though
This thread deserves to die

I take this as another form of gambling which i tend not to do but meh a couple thousand is like a trip to vegas

Ok except is Vegas is leagues more fun than this shit

Been to Vegas enough times to have gotten bored of it tbh

Like put a grand on a sports book with results in 2 hours and go for a stoned drive down LV blvd

So sorry !

the real move is to start an exchange then steal everyones money

Due to the extremely high number of registrations that have occurred recently we have paused our registration feature while out team works to make changes in our internal systems to cope with the increased level of traffic our site is experiencing.

— Cryptopia Exchange (@Cryptopia_NZ) January 6, 2018

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)

This reminds me of the days my buddy and i used to bet on horses

$450 million at the time (still prob top 10)
$14.5 trillion at todays price! lmfao

~a quarter of that was recovered but still

they said it was all stolen then found 200k btc in an old wallet

Kodak stock is up 44% after announcing it's launching a cryptocurrency called KODAKCoin because 2018 https://t.co/IZ463x6fDS pic.twitter.com/psKBQlk4oQ

— Seth Fiegerman (@sfiegerman) January 9, 2018

Ilxcoin when

i was gonna make ILXcoin a few years ago but couldn't get the code to compile on my machine so i gave up

ILXcoin now, is when!

(btw, my stock just jumped 74%, get ilxcoin while it's hot, oh wait we must make adjustments for the suddenly high demand for ilxcoin, please stand by)

In the future, everyone will have their own cryptocurrency for fifteen minutes.

https://pbs.twimg.com/media/DTH_PHiX0AEfueF.jpg

h8 bitcoin hodlers

Admittedly, I are people who is now bitter. Good call.

lmao did you notice the name on top

millenial nocoiners

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.