The bitcoin thread.

Discussion in 'Off-Topic Discussion' started by jokerthief, Dec 26, 2016.

  1. m1ckey kn0x

    m1ckey kn0x deranged derelict Site Donor

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    @jokerthief That is great news. Thank you for the input. Wrapped up a bit more at 10200 and 11200.
     
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  2. jokerthief

    jokerthief No reason to get excited. Site Donor

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    I have to say, I've used you as an example for others. An example of how to be a strong hand. You won my respect because you bought damn near the high of 5,000 and not only did you hold like a boss, you bought the mother fucking dip! Now here you're telling me that you bought more at 10 and 11K? You are a true bitcoiner. Here's to getting wealthy with you! *Lifts fake drink for symbolism*
     
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  3. m1ckey kn0x

    m1ckey kn0x deranged derelict Site Donor

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    To the riches! Cheers brother.
     
  4. jokerthief

    jokerthief No reason to get excited. Site Donor

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    We may be seeing a bunch more drops and recoveries. It seems the Mt. Gox trustee has been dumping bitcoin on open exchanges. They've dumped 40K bitcoins and still have another 160K left.
     
  5. Trodden

    Trodden Talk louder, I cant hear you

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    hey @jokerthief

    what are your thoughts on this John Oliver report?

     
  6. jokerthief

    jokerthief No reason to get excited. Site Donor

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    I didn't see it. I'm not a fan of the mainstream media at all when it comes to bitcoin. I have only ever seen idiocy from them.
    --- Post Added -- Mar 12, 2018, ---
    I think bitcoin is too complicated for the mainstream media to get. Even if they could understand it, they wouldn't believe their audience could, so all they'll do is put out some watered down garbage on air.
     
  7. Trodden

    Trodden Talk louder, I cant hear you

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    then you should watch it

    first, John Oliver isnt mainstream news, and he raises valid questions about it without telling anyone how to feel about it

    they show interviews with people well versed in 'blockchain' and cryptocurrency in that clip

    just calling it mainstream and dismissing it tells me a lot




    if someone cant hold, sorry, hodl their ideas up to scrutiny, its probably not a sound idea


    this is why Im not investing in bitcoin or anything else like it

    when ever you show them valid concerns about it, they dismiss it as 'mainstream news' or 'fake news'


    and thats pretty telling
     
  8. jokerthief

    jokerthief No reason to get excited. Site Donor

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    Tell you a lot eh. I've given the media plenty of opportunity and all I've ever seen has been idiocy. Everything I know about crypto has come from the real experts: Adam Back, Peter Wuille, Jiimmy Song, Eric Lombrozo, Nick Szabo Peter Todd—you know, the guys who are actually INVENTING this technology. These guys are 100 times more qualified to speak/write about crypto than some talking head on TV who works 85 hours a week and really has no clue about the revolution that is going on in the shadows.

    Good. I'm not answering any questions from you after this shit post of yours. Talk about an overreaction. You can fuck off.
    --- Post Added -- Mar 12, 2018, ---
    In the bitcoin space, you do not want to get your news from comedians. You want to get your news from computer scientists. The computer scientists aren't invited on TV shows because people who watch TV aren't intelligent enough to understand what they have to say. Fucking A Trodden, you pissed me off. I'm getting really fucking sick of idiots in this space. I'm about an inch away from going dark on the internet. If it weren't for the people I have helped, and the influence I have had in the scaling debate and whatnot, I would have gone dark a long time ago. But this shit is fucking stressful and I'm really am getting tired of it.
     
  9. Trodden

    Trodden Talk louder, I cant hear you

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    it wasnt an overreaction

    Oliver raised valid concerns and I was wondering what you thought about those concerns

    if you dont want to acknowledge them, then dont

    again

    in the interview blockchain and cryptocurrency experts talk about it

    I was asking your opinion on what they said

    I have no idea wtf offended you, but whatever

    they were on that show

    but you didnt watch it, so you dont know that

    how is asking your opinion an insult?

    Ive said you know more about it then me, and I wanted your opinion
     
  10. Miz

    Miz mortality, ka, and the Tower

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    @jokerthief i hope you get rich as fuck off this and everyone else on here. It’s not my thing but I enjoy reading this thread. If you do go dark please feel free to post in the recovery thread. I enjoy your insight and opinion there.
     
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  11. Trodden

    Trodden Talk louder, I cant hear you

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    I hope he comes back

    still not sure what even upset him

    I just wanted his opinion on what the people who created the technology for cryptocurrency said in the clip

    whatever I said that pissed him off, sorry. I just wanted his feedback, I wasnt even offering an opinion on what they said
     
  12. TriangleSmoke

    TriangleSmoke Motherfucker of the Century Site Donor

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    We all have our rough days. He'll be back.
     
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  13. Trodden

    Trodden Talk louder, I cant hear you

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    I was being sincere when I said I wasnt trying to offend him


    I always say if you want to learn something ask someone whos dealt with it more than you

    I do hope he comes back




    again, sorry for whatever I said that pissed you off @jokerthief
     
  14. Kevo

    Kevo SMOKE BOMB!

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    While the practical and financial viability of the Bitcoin blockchain is still an open question, new research shows that the whole thing could already be illegal in most countries. Researchers in Germany discovered that the ledger system that provides the backbone for Bitcoin contains hundreds of links to child pornography and at least one image thought to be child pornography.

    The team from Germany’s RWTH Aachen University presented their new paper at a conference in Curaçao recently, and their findings have the potential to derail the entire multi-billion dollar blockchain industry.


    Individual blocks in the overall “chain” store records of transactions and can potentially store small notes or files—often the notes are just used to acknowledge what the transaction was for. The researchers set out to study the approximately 1,600 files that were stored on the blockchain at the time. (We say, “at the time,” because more files may have been added recently, not because those 1,600 files might be gone. The idea of the blockchain is that the ledger is permanent.)

    The team found that 99 percent of the files consisted of either text or an image and a relatively small number of files contained sexual content—only eight. But one of those files was identified as a pornographic image of a subject who was likely underage. Two other files contained a total of 274 links to child abuse, 142 of those links directed to the dark web.

    The researchers write, “our analysis shows that certain content, e.g., illegal pornography, can render the mere possession of a blockchain illegal.” According to the paper, 112 countries prohibit the possession of child pornography and of those countries, many have other restrictions that prohibit the distribution of that kind of material.


    Most blockchain models work like the original Bitcoin system. A distributed ledger is maintained by various systems acting as a node. Bitcoin miners, businesses, or just enthusiasts run a node that updates the full ledger routinely throughout the day using Bitcoin software. The miners receive newly created bitcoins by using their computers to essentially guess the solution to a complex equation, the first miner to guess right wins and a new block in the chain is created. The larger system is protected from fraud and remains consistent as the nodes verify the different versions of the ledger being sent out and agree on the overall record of transactions. That’s where the problem with child pornography comes in.

    The blockchain system needs all of these nodes to consistently download and upload the latest versions of the ledger; this is the fundamental idea of the decentralized network. The fact that small files can be stored in a block is one of the primary reasons that blockchain supporters believe it will have a transformative effect on various industries. Contract agreements, for example, could be signed and uploaded to the blockchain for verification. All of the various strangers in the network rely on the decentralization and math to keep everyone honest, and the ledger theoretically needs to contain the entire history of transactions forever.

    As the researchers note, “Since all blockchain data is downloaded and persistently stored by users, they are liable for any objectionable content added to the blockchain by others,” which is likely true under many countries’ laws. The researchers continue, “Consequently, it would be illegal to participate in a blockchain-based system as soon as it contains illegal content.”


    This is all new information about a problem that hasn’t really been debated very much. As the Guardian points out, Interpol warned in 2015 that the blockchain has the potential to spread malware files, but the issue of child pornography is more explosive by orders of magnitude.

    It’s possible that core developers behind Bitcoin and other blockchain models will devise a workaround for this sort of rare incident. But for now, cryptocurrency opponents have a new weapon in their arguments.
     
  15. Trodden

    Trodden Talk louder, I cant hear you

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    jesus christ
     
  16. ILJO

    ILJO Soggy Bottom Boy Site Donor

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    Lol, I've only been skimming this thread (at best) lately, but you should know that he tends to have that effect on people (including myself). Learn to ignore/not be bothered by him. He doesn't really know any better. That's just who he is.
     
  17. Trodden

    Trodden Talk louder, I cant hear you

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    https://www.bloomberg.com/news/arti...er-report-that-binance-faces-warning-in-japan

    Bitcoin Falls on Fears of Regulatory Trouble for Big Crypto Exchange

     
  18. Qball1974

    Qball1974 Tower of Song Site Donor

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    The owners will never allow bitcoin
     
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  19. Poindexter

    Poindexter Reputation: ∞ Staff Member

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    Is all the negative press lately a calculated effort to shut it down in some way?
     
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  20. Trodden

    Trodden Talk louder, I cant hear you

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    Im sure Alex Jones thinks that

    but it was designed to be used in an untraceable way

    cant be a surprise that criminals jumped on it
     

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