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Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

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Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#401

Earlier quoted context omitted.

That's all well and good, but Bitcoin is the de facto cryptocurrency - the one everyone has heard of, and still the most popular.

Ethereum is used more than bitcoin (measured in transactions per day), so that'd make it more likely to be considered the de facto cryptocurrency, no? It'd also make it more "popular" with cryptocurrency users, though definitely not as well known by the layman.

I'd argue the one that sees the largest "value" of transactions per day.

Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#402

Earlier quoted context omitted.

Ethereum is used more than bitcoin (measured in transactions per day), so that'd make it more likely to be considered the de facto cryptocurrency, no? It'd also make it more "popular" with cryptocurrency users, though definitely not as well known by the layman.

I'd argue the one that sees the largest "value" of transactions per day.

Ethereum is used as a computer, but it can also be a way to transfer value. So I don't agree on using that as a that metric.

It would seem that Bitcoin is more popular amongst those who don't use cryptocurrencies, and Ethereum is more popular amongst those who are. Just a thought.

Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#403
post #20

Earlier quoted context omitted.

So much screen-staring time can be saved with just pen and paper. We need to learn to do it more often.

I love whiteboards, they are much better than paper: more space, nice colors, easy to see, very easy to collaborate on, simple redos. That's actually the biggest thing I miss from going into the office: nice huge whiteboards that cover the whole wall, not the little dinky ones that office depot sells for exorbitant prices. I found a solution though: Lowe's sells a 4'x8' sheet of whiteboard for fifteen bucks, now I ha…

There's also the paint option for anyone interested. You can paint a board or even just the wall.

https://www.amazon.com/Krylon-K03943000-Erase-Brush-Quart/dp...

Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#404
post #364

Earlier quoted context omitted.

A decentralised, borderless, irreversible payments system, not tied to any state or government or bank, near-impossible for even the most powerful entities to censor or manipulate. There are some useful features in there.

But aren't those benefits also available in other cryptocurrencies that came later, with various added features and capabilities (eg. anonymity, stability, DApps, etc.) thanks to the benefit of hindsight? Why haven't the cryptocurrency mainstream (those who see value in crypto aside from speculation) abandoned Bitcoin and migrated en masse to those newer coins?

Simply no alternative has gained sufficient network effect to displace it. The answer might be more in behavioural psychology than technical arguments. That said Bitcoin's conservative (small c) stable development process might weigh heavily into trustowrthiness with buy money players.

Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#405
post #20

Earlier quoted context omitted.

So much screen-staring time can be saved with just pen and paper. We need to learn to do it more often.

I love whiteboards, they are much better than paper: more space, nice colors, easy to see, very easy to collaborate on, simple redos. That's actually the biggest thing I miss from going into the office: nice huge whiteboards that cover the whole wall, not the little dinky ones that office depot sells for exorbitant prices. I found a solution though: Lowe's sells a 4'x8' sheet of whiteboard for fifteen bucks, now I ha…

One more to add for consideration: electrostatic sheets. You can get a whole roll of them for just a few bucks and turn your entire office into a whiteboard. No hanging, no mess. Surprisingly effective as a low-cost whiteboard-like solution.

And if you're sharing that whiteboard (in any form) with remote colleagues, try sharetheboard.com. Our team put it together precisely because we didn't want to say goodbye to the ol' board.

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