171–180 of 232 posts
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https://en.wikipedia.org/wiki/Interesting_number_paradox
That actually has an interesting failure. The first interesting number that's interesting because it's not special works. The second might qualify, the 10008 does not.
I think people have largely missed the point of the article. This is specifically in relation to a "magic hash" on a block that was mined on June 19, 2018 with the hash: 00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a The leading zeros are the "proof-of-work". The bitcoin mining algorithm tries various nonces and generates many hashes until it finds one with (currently) 18 leading zeros. Surprisingly…
Oh my. That's way weirder than what I was expecting. I just don't know what to say to that. Is it me or does it seem like this kind of stuff is everywhere now? Maybe I just consume lots of crazy people media.
yeah but $US is a Cult
There is, without a doubt, a Bitcoin cult. Or more generally, crypto-currency cults. The headline reads like it's only a cult, which isn't the case. Even the most critical observer must concede that these distributed networks are novel and interesting. The farther you move from social media, the less cult-like things get. The best discussion remains on listservs, and there is a lot of interesting and substantive disc…
> these distributed networks are novel and interesting They were interesting when the bitcoin paper was released. Then people (outside of the cult) realized that you Do Not Need A Trustless System. Society is built on trust. Wasting ENORMOUS amounts of power just to replace a few trusted entities with 51% of the network is a horrible idea. https://www.youtube.com/watch?v=xCHab0dNnj4
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> BBS era and ARPA Net era These services were launched to solve a practical problem. Bitcoin was launched as the manifestation of an ideology.
You sure about that? Arpanet was created to exchange short messages in case of a nuclear attack on the United States rendered all above ground communication and survivability useless. I hardly consider that a practical use case. [1] [1] https://en.wikipedia.org/wiki/The_Internet_during_the_Cold_W...
When I first got into bitcoin I thought it could be a wonderful alternative to the current monetary system, I especially hoped it would be more equitably shares. Unfortunately it’s turned out to be as unequally shared as our current wealth is, if not more. Perhaps some kind of coin where everybody in the world is issued the same amount or something.
> Perhaps some kind of coin where everybody in the world is issued the same amount or something. What would be the point of such a currency? Trade and wealth exist because of inequalities. Having the same amount of a currency is same as having none of it!
I think people have largely missed the point of the article. This is specifically in relation to a "magic hash" on a block that was mined on June 19, 2018 with the hash: 00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a The leading zeros are the "proof-of-work". The bitcoin mining algorithm tries various nonces and generates many hashes until it finds one with (currently) 18 leading zeros. Surprisingly…
"Bitcoin is a cult" is click bait. People have been engaging in numeric paradolia with financial systems forever. "Dow hit 666!" Etc.
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Right. I agree. I am also going one step further and arguing that crypto is more of a fan club then a cult. There are cults way stronger that illicit a far greater emotion reaction that crypto. Even now, when the price is in the toilet, a lot of really smart people are having sane discussions across sub-reddits. And those very smart people are still checkin in code and making improvements. This has happened before. D…
> BBS era and ARPA Net era These services were launched to solve a practical problem. Bitcoin was launched as the manifestation of an ideology.
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This, retailers don't even want to support Apple Pay because of its transaction fees. If there is already a almost free and efficient payment system that everyone is happy with and is used by 99% of the population why bother with anything new that IS NOT SUPERIOR TO WHAT YOU ALREADY HAVE? I simply don't know what problem BTC was supposed to solve.
What Apple Pay transaction fees? They’re exactly the same standard credit card transaction fees because they ARE standard credit card transaction fees. Apple doesn’t take a cut.
Creditcards are robbery, they are not very populair and cost retailers money. Why does everyone want to make money from transactions? We are talking about a basic service that costs less than a cent.