842100+ entries in 0.519s
Luke-Jr: mircea_popescu: yeah, I
think inflation works better
mircea_popescu: dexX7 people say many
things. meanwhile, 16gb boards aren't
too expensive
dexX7: mircea_popescu: i just wanted
to exploit
this rare situation of "lecturing you" :) scrypt is designed in a way
that
the bottleneck is rather
the amount of fast accessible memory
than computational speed and people say "litecoin is fpga/asic resistant" for
that reason
mircea_popescu: while it's a good idea
to
try it so it's
trioed, im convinced demurage is a bad idea.
Luke-Jr: nubbins`: if you want
to argue
that, use freicoin as an example :p
nubbins`: i
thought btc was a prototype for mastercoin
mircea_popescu: Luke-Jr depends how hardcore do yo uwant
to get. one could say bitcoin isn't really a bitcoin either, just a dumb prototype.
pankkake: mircea_popescu: yes, while I used
to
think
that, litecoin isn't a different implementation
Luke-Jr: if SHA256d breaks, it does
too since it uses it for everything but
the POW
MTBmanTT: ah, I just figured it was
there
to make GPUs feel useful again,
to in
turn exchange for btc..... but
that sounds more reasonable
mircea_popescu: obviously idiots flock
there just like
they flock
to btc. ltc has
the disadvantage
that it gets all
the idiots
that got broken uin btc,
too
Luke-Jr: mircea_popescu:
there's no reserve implementation in litecoin, it's just a dumb clone
mircea_popescu: MTBmanTT basically it makes sense on some level
to have a reserve implementation.
MTBmanTT: I just dont understand
the "push" with ltc- being a n00b
to
this world, ive never heard of it until
the BTC forums.
mircea_popescu: well i guess more research is needed here. i can't readily point
to proof.
pankkake: well, some people just like
to watch
the world burn
Luke-Jr: pankkake:
the hope with
that one instance was
that it'd deter
the scammers
Luke-Jr: pankkake: waste of my
time
pankkake: but if you create a pool
to destroy altcoins I'd mine on it… if I actually had anything capable of :)
pankkake: Luke-Jr: well
the rumor is
there!
mircea_popescu: by
the same rationale, a good pricing for
the radeons would be 50 cents a piece.
Luke-Jr: pankkake: mircea_popescu is a
troll; my pool was not involved
nubbins`: what, you mean
there isn't an insatiable demand for used gfx cards
that have been melting
themselves mining btc for
the past few years?
mircea_popescu: now i understand whty all
the noob fury for pushing ltc : it allows
them
to live
the illusion
that
their worthless gear is
to be counted at 450 a board.
mircea_popescu: anyway,
the notion
that 1k diff is worth 10mn in gear is ludicrous.
mircea_popescu: dexX7 i've not been paying much attention
to ltc since prolly 2012
pankkake: and
thus you need half of
that
to attack it
pankkake: so
that should be an investment of 17 155 800 USD is behind
the network ($450 per card for counting
the other components)
pankkake: I
tried
to guess
the cost, estimated litecoin's power
to 38124 Radeon 7970
mircea_popescu: so it'd cost me what, 0.1 btc/hour
to maintain a 51% attack on ltc indefinitely ?
mircea_popescu: pankkake Luke-Jr became famous
through doing
the same
thing coupla years ago. or
trying... i don't recall if he succeeded.
pankkake: my reservations are mostly
technical
mircea_popescu: eh forget it. ltc is not
to blame
that it attracts idiots.
pankkake: I'd like
to start a 51% attack pool.
the only goal is
to destroy
mircea_popescu: lol @best marketing phrase. what is it, litecoin makes your
tits float ?
ozbot: i'd like
to buy some Hashing power hashing for FTC
mircea_popescu: <pigeons> its not
the first scrypt coin with no premine,
that was fairbrix, and coblee started litecoin cause fairbrix got 51%ed
too many
times << few know
this
pankkake: I do follow some altcoin development - even donated
to some ;)
pankkake: it would have
to be something
truly unfixable in Bitcoin
skinnkavaj: pankkake: Do you believe any altcoin is going
to succeed?
pankkake: still,
there are reasons for
these metals
to be sold because of
their industrial use; while digital
tokens are digital
tokens
nubbins`: asciilifeform: its also
the national drink of peru
skinnkavaj: Yeah I bet silver lost in USD value in
the long run
pankkake: coming back
to silver and gold: both were used as monetary backing, but silver lost
that privilege; silver lost a lot of value
pankkake: but it isn't, both are digital
tokens
skinnkavaj: Think of BTC like Coca Cola and
think of LTC like Pepsi
pankkake: well, be *very* careful with
that silver
to gold. when silver got demonetized, it lost a lot of its value
skinnkavaj: pankkake: No its based on
that it has
the most acceptance and
the best marketing phrase of all.
pigeons: second biggest hashcash network on
the internet
pankkake: "If
there is any altcoin
that is going
to succeed, it is LTC"
this is endlessly repeated with no basis at all
pigeons: just
tryin
to keep it real
pigeons: add an adjective
to second bigges ___ network on
the internet
skinnkavaj: If
there is any altcoin
that is going
to succeed, it is LTC
skinnkavaj: pigeons: Yes and it survived and is
the second biggest network on
the internet
pigeons: its not
the first scrypt coin with no premine,
that was fairbrix, and coblee started litecoin cause fairbrix got 51%ed
too many
times
pankkake: I hope for you it's
the latter
skinnkavaj: ozbot: Lol. Look at all altcoins, litecoin is
the number 1 in acceptance overall. Piratebay and Wikileaks use it. Founder of it works in Coinbase. Mtgox is around
the corner. It's
the first scrypt coin with no premine (NVC). It has
the marketing effect "Silver
to Gold".
skinnkavaj: Making fun of himself in a Litecoin is dead
thread
gribble: MtGox BTCUSD
ticker | Best bid: 184.50082, Best ask: 184.73998, Bid-ask spread: 0.23916, Last
trade: 184.74000, 24 hour volume: 11282.63857969, 24 hour low: 177.25000, 24 hour high: 186.12000, 24 hour vwap: 182.83954
Diablo-D3: then
they all pulled
their panties out of
their
twats
Diablo-D3: dexX7: yeah, until people realized Im still
trading
those out
dexX7: wasn't
there already drama about keeping
the am shares?
Diablo-D3: dexX7: I mean, Im shutting DMC down because
the SEC has finally outlawed bitcoin companies
dexX7: report you at
the bitcoin police?
Diablo-D3: even
though Ive repeatedly explained
to him
that yochdog has not paid out anything nor has anyone purchased
the btcmc debt from me
dexX7: or let's say never heard anything bad about him besides
trolling
dexX7: the one with
the ship and lack of real knowledge was awesome
ozbot: Furthering
the S.DICE / AM comparison
mircea_popescu: because all of
the people who said ripple rocks on a forum
dexX7: digging out
the old am comparison.. shame on you
dexX7: what is
this? necro hour?
pankkake: I guess litecoin is
the new "cheap shares"
nubbins`: honestly not sure what would possess one
to buy at $180+
skinnkavaj: nubbins`:
That comes when price goes down
nubbins`: odd lack of "hold, spartans!!!" memes on /r/bitcoin
this
time around
dexX7: to hedge or are you calling btc's
top already?
skinnkavaj: dexX7:
Thats my i am buying as many LTC as I can right now
dexX7: skinnkavaj: you should realize
that litecoin goes down, when bitcoin goes up and vice versa. stop shilling in other channels.
gribble: MtGox BTCUSD
ticker | Best bid: 183.00003, Best ask: 183.98992, Bid-ask spread: 0.98989, Last
trade: 183.99995, 24 hour volume: 11528.30232733, 24 hour low: 175.10000, 24 hour high: 185.94300, 24 hour vwap: 181.72110
jurov: ;;later
tell bitesak "if i'm not around pls email
to support at coinbr"
KRS1: haha have we come
to
thaty
KRS1: prob just
teh weekend maybe
KRS1: with
this steady avg market price could we be due for a correction
pankkake: yeah, she doesn't risk having lint with
that outfit