654800+ entries in 0.439s
ben_vulpes: one
time when i was but a wee benkay a friend and i converted some dollars into nickels, for
to haul
to
the nickel arcade. we were walking up hawthorne in portland (which back in
those days
the Arby's might still have been operational or it might have been shuttered but in either case it wasn't actually demolished and
turned into yuppy 'condo' shoeboxen yet), when of course some of
the summertime
transients petition us for our quarters
BingoBoingo: Or are you not
talking about
the jackoff booths?
BingoBoingo: ben_vulpes: You know
they still have
that kind of arcade in highway rest stop pornstores
ben_vulpes: not really an arcade in
the classic sense. i'm barely old enough
to remember
the glory days.
BingoBoingo: There is no promise
that ATC's marketmaker will enforce any floor in price indefinitely, but
the fact
that
the Market Marker's manager actually wants
to buy metric fucktons of ATC means you can finally
take crypto quarters
to
the arcade.
BingoBoingo: ben_vulpes: Well, it is
the first viable alternative
to
testnet, because instead of an absence of value a la
tetnet ATC offers at a minimum a small value. In
the sense
that someone is byuing ATC.
BingoBoingo: ben_vulpes: b)
to actually work as marketmaker <<
This is actually ATC's great innovation.
ben_vulpes: <FoOdies5> maybe keep
the coin from going up << and in
the process acquire btc
to drive it up.
this is central banking 101, except one needs a)
to not be a scammer and b)
to actually work as marketmaker
assbot: BitBet - Billy Hamilton Rookie of
the Year :: 0.08 B (28%) on Yes, 0.19 B (72%) on No | closing in 3 months 1 week| weight: 64`469 (100`000
to 1)
BingoBoingo: You can ask him questions, but given his problems I doubt he'll assist in providing
the opposition with discovery
assbot: Sprint Will Sell a $12 Wireless Plan
that Only Connects
to Facebook or
Twitter - Digits - WSJ
BingoBoingo: FoOdies5: You merely found
the post. Find
the narrative,
the story behind it.
BingoBoingo: neuroMode: Maybe? Maybe
the searching is part of
the point? Searching gets you
the failure of its comtemporaries as well if you dig right
FoOdies5: the dev is basically saying Luke-Jr is a douche in
the op
BingoBoingo: FoOdies5:
The short story of CoiledCoin is you need
to find and read
the long story
to understand
the
things making lowercase altcoins fail have been happening for a long
time as
the Coiled Coin story makes an interesting contrast
to other altcoins which were its contemporaries and still died albeit in other ways
fluffypony: how am I ever going
to be able
to say :"just send ma 4.3743 BongBitcoin"
fluffypony: I
thought we all agreed we were going
to switch
to
Tonal Bitcoin?
assbot: Why I'm switching
to mXBT and why you should
too
FoOdies5: people will fuck up when
they have a gazillion decimals
to work with
fluffypony: this is
the problem
that occurs when "functional
tests" involve "I can send and receive 0.0005 BTC"
ben_vulpes sticks his head back into
the code-sands
ben_vulpes: mediocre engineers as far as
the eyes can see
fluffypony: but not before people made payments
that were 1/100000 of what
they meant
to pay
fluffypony: did you hear about
the Blockchain.info iOS wallet?
fluffypony: ben_vulpes: we first have
to move
to "Bits"
ben_vulpes: man can we yet drop
this btc
thing and just start using integer satoshi plz?
fluffypony: a lot of miners got pissy
that Luke-Jr was using
their hash without
their permission
fluffypony: so Luke-Jr used
the hashing power on Eligius
to 51% attack
the coin
BingoBoingo: FoOdies5:
There's also
the chance
that
the big miner
that picks up a coin for Merged mining won't be friendly
to it, see CoiledCoin as an early example
FoOdies5: they need
to offer as much as
they're willing
to get dumped
fluffypony: BingoBoingo: if it becomes
the "in
thing"
to use your own cryptocurrency for loyalty systems we may see more of
this
FoOdies5: so
that via merged mining
they secure
their chain in exchange for a part of
their reward
BingoBoingo: Larger miners have an incentive
to dump immediately
BingoBoingo: FoOdies5: Not really,
the market forces merged mining brings a lot of coins
to an early slaughter.
fluffypony: the ones
that need
to peg
to another blockchain for security
FoOdies5: coins with
the purpose of serving small niches
that won't attract big mining
neuroMode: it just emphasizes
the pointlessness and aimlessness of
the coin, and makes
the coin now flagged for possible scam
BingoBoingo: Well,
the same breach happens when a coin switches from mining its own chain
to merged mining
fluffypony: but
they break
their social contract when
they launch as one
thing and
then suddenly change
to another
fluffypony: BingoBoingo: yep - what I meant is
that I don't have a problem if someone launches a PoS coin with something fundamentally different
to PPC, I don't
think it's bad
to play with stuff in a real-world environment
neuroMode: Navajo Anonymous
Technology Whitepaper AKA FAQ
BingoBoingo: <fluffypony> I don't fundamentally have an issue with PoS as an experiment (albeit one doomed for failure at present) << Proof of Stake essentially lets big bagholders delude
themselves longer by becoming still bigger bagholders
fluffypony: I'm disappointed
that
thickasthieves hasn't even bothered releasing a whitepaper promising Choctaw Star Gates for Altcoin
fluffypony: I believe
that all altcoins in
the future should include Star Gates
assbot: Dropbox - Navajo Anonymous
Technology Whitepaper(English).pdf
fluffypony: mypersonal favourite is
the SummerCoinV2 whitepaper
neuroMode: its such a disgrace
to what actual research/white papers are
fluffypony: just nonsensical diagrams and walls of
text written by a monkey
fluffypony: I see
the new
thing is you have
to release a whitepaper
neuroMode: i wonder how many actual devs
there are making
these coins. Its likea fucking business now. I bet its like 5 groups of guys
fluffypony: I wonder how much of it is
the same group of retards investing in a new shitcoin hoping
to get rich
neuroMode: to
the majority of people nowadays
neuroMode: cryptocurrencies are more of a casino
to gamble at
FoOdies5: what's
tiresome is
the endless waves of supporters for
these piles of shit
neuroMode: yep. its all
the cryptogoblins
that pout about inflation and have a very narrow scope of cryptocurrencies
neuroMode: when he succumbs
to his community's derailed wishes
to
turn POS
fluffypony: launch a PoW shitcoin, and
then "suddenly" announce it's changing
to PoS
neuroMode: it becomes very obviously a pyramid scheme no matter how well disguised
the marketing campaign is
fluffypony: I just hate
this bait-and-switch
tactic
that seems
to be common
neuroMode: now, let's all make it our job
to
try and convince someone else
to buy it for more
than we paid
neuroMode: i mean...let's create artificially rare coins
that only have a week of distribution
neuroMode: purposefully named with
that acronym
fluffypony: I can't look at a PoS coin without
thinking it stands for "piece of shit"
neuroMode: I
think Brian Kelly is shooting himself in
the foot by listening
to
the cryptogoblins pushing for POS
FoOdies5: seriously
tho when
the fuck is Kubo gonna switch
to Bach vs Squad 0 fights already
FoOdies5: .... wait
that's how I got in
this whole mess
to begin with ... by fucking women
FoOdies5: and now
the daughter wants
to be born on my b-day
FoOdies5: I swear she's waiting
to steal my birthday
FoOdies5: or a social experiment
to see how dumb people can be
Duffer1: consider
the audience foodies, reddit/bitcointalk "investors"
fluffypony: and I
think Weiner et. al. convinced him it could be "bigger"
than an experiment
FoOdies5: except maybe if he can outtrade
the owner and get some money
fluffypony: tbh I don't know if
the NBC "contributor" / blogger dude intended it
that way
FoOdies5: so it baffles me why anyone in
their right mind would invest in it
FoOdies5: either way it's clear cut what
the goal of
that coin is
Duffer1: i read
that as blatant manipulation, we just use different words
FoOdies5: maybe keep
the coin from going up
FoOdies5: what
the fuck can you stabilize with a premine ?
fluffypony: with a "stabilisation fund"
that hasn't stabilised anything
FoOdies5: it's in my
top 10 ongoing retarded crypto schemes list