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4Chan Accepts Bitcoin

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Re: 4Chan Accepts Bitcoin

#31

Post by theorique »

scotty79 wrote: post #13
Nursie wrote: post #6

Awesome, between /b/, money launderers, the Silk Road, and its arms-dealing offshoot, bitcoin may have attracted the attention of all the scumbags on the internet!

I'm strongly surprised that is not widely used for money laundering yet. It seems perfect for the purpose of storing value and moving it semi-anonymously. Especially since you can just buy a bunch of very generic hardware with stolen money and mine pure money. I'm hoping underground will adopt bitcoins widely before I'll be forced to sell the ones I own. Maybe there has to be generation change for that, but luckily g…

But what is the ROI in mining bitcoins? (In terms of money invested in servers, electricity, cooling, etc.)

Has this study been done?

Re: 4Chan Accepts Bitcoin

#32

Post by ewillbefull »

Nursie wrote: post #29
wting wrote: post #28

Earlier quoted context omitted.

Internet porn was an industry leader in offering streaming video, online payment processing, one to one video conferencing, and geolocation advertising. Just because a technology is affiliated with a morally grey industry doesn't discount the value of the technology itself.

Absolutely! I was being flippant really. I have a whole bunch of reasons why I disagree with bitcoin in its current form proliferating. Most are to do with my feelings about relying on a currency without central controls, or about a curency with built-in deflation, or with the tiny number of people who (if it took off) would find themselves joining the ranks of the mega-rich simply for having run a program for a few…

If you truly don't want to understand mining or how the blockchain protects the integrity of transactions, you can hold off on making cynical assumptions about its design. Early adopters to the network provided the computing power that lets the currency even exist in the first place. They also likely all sold their BTC years ago. The economic output of a few days of mining in 2009 could have never been more than a couple hundred dollars in today's money for even the best miners. In fact it has been a long time since mining had a good ROI, or even a predictable one.

If your deal-breaker is a centralized currency or your preferred economic theory then by all means ignore it, but I don't see how you need to care about its proliferation. Cash has the same properties anyway. Your dismissive/grumpy attitude reminds me of something Gandhi said about ridicule.

Re: 4Chan Accepts Bitcoin

#33

Post by Nursie »

ewillbefull wrote: post #32
Nursie wrote: post #29

Earlier quoted context omitted.

Absolutely! I was being flippant really. I have a whole bunch of reasons why I disagree with bitcoin in its current form proliferating. Most are to do with my feelings about relying on a currency without central controls, or about a curency with built-in deflation, or with the tiny number of people who (if it took off) would find themselves joining the ranks of the mega-rich simply for having run a program for a few…

If you truly don't want to understand mining or how the blockchain protects the integrity of transactions, you can hold off on making cynical assumptions about its design. Early adopters to the network provided the computing power that lets the currency even exist in the first place. They also likely all sold their BTC years ago. The economic output of a few days of mining in 2009 could have never been more than a co…

I've been ridiculing it since they day I heard about it, rather than going through any sort of ghandi-esque three step process. I took time to understand exactly what it is and decided the crypto was interesting but as a currency it's not something I could ever adopt in good conscience. The rules, set in stone since the beginning, are not a recipe for a good currency.

What's more the Randian/libertarian fanboys provide no end of amusement. The various ponzi schemes and robberies are terrible, and the reaction of the community just as bad.

So to me BTC is an unworkable currency with a toxic community.

Re: 4Chan Accepts Bitcoin

#34

Post by jaequery »

theorique wrote: post #31
scotty79 wrote: post #13

Earlier quoted context omitted.

I'm strongly surprised that is not widely used for money laundering yet. It seems perfect for the purpose of storing value and moving it semi-anonymously. Especially since you can just buy a bunch of very generic hardware with stolen money and mine pure money. I'm hoping underground will adopt bitcoins widely before I'll be forced to sell the ones I own. Maybe there has to be generation change for that, but luckily g…

But what is the ROI in mining bitcoins? (In terms of money invested in servers, electricity, cooling, etc.) Has this study been done?

in general, a gaming rig mining 24/7 will generate about $30/month.

Re: 4Chan Accepts Bitcoin

#35

Post by CGamesPlay »

Udo wrote: post #25
ceol wrote: post #23

Earlier quoted context omitted.

Not really, unless the majority of HN users come for the spammy posts on the /newest page.

You're asserting that the vast majority of 4chan users are /b/ trolls. Can you back that up somehow?

Post IDs are sequential. The newest post on /b/ is 443,351,492, and the next-nearest is /v/ with 166,654,765.

Re: 4Chan Accepts Bitcoin

#36

Post by Aco- »

CGamesPlay wrote: post #35
Udo wrote: post #25

Earlier quoted context omitted.

You're asserting that the vast majority of 4chan users are /b/ trolls. Can you back that up somehow?

Post IDs are sequential. The newest post on /b/ is 443,351,492, and the next-nearest is /v/ with 166,654,765.

4chan, like HN, is also plagued by spammy posts, just something to note about those numbers.

Re: 4Chan Accepts Bitcoin

#37

Post by Udo »

CGamesPlay wrote: post #35
Udo wrote: post #25

Earlier quoted context omitted.

You're asserting that the vast majority of 4chan users are /b/ trolls. Can you back that up somehow?

Post IDs are sequential. The newest post on /b/ is 443,351,492, and the next-nearest is /v/ with 166,654,765.

A lot of /b/ is comprised of noise, it's mainly a few very prolific users who use it as a rapid-fire chat room - whereas the rest of 4chan is used more like a message board. So of course, b has more posts. But even so, it's not true that most of the action on 4chan is /b/, and certainly not most of the users.

  /a/	(anime)		 76,358,226	
  /b/	(random)	443,355,941	
  /c/	(anime/cute)	  1,952,748	
  /d/	(hentai)	  4,429,215	
  /e/	(ecchi)		  1,531,210	
  /f/	(flash)		  1,830,359	
  /g/	(technology)	 29,833,456	
  /t/	(torrents)	    541,357	
  /u/	(yuri)		  1,321,534	
  /v/	(video games)	166,666,985	
  /vg/	(video games)	 20,810,830	
  /w/	(anime wallp.)	  1,444,187	
  /wg/	(wallpapers)	  4,667,232	
  /i/	(oekaki)	    398,648	
  /ic/	(artwork crit.)	  1,083,696	
  /r9k/	(robot 9001)	  4,798,295	
  /cm/	(cute/male)	  2,802,217	
  /hm/	(handsome men)	    446,647	
  /y/	(yaoi)		  1,990,139	
  /3/	(3dcg)		    319,975	
  /adv/	(advice)	 11,246,991	
  /an/	(animals&nat.)	  1,327,885	
  /cgl/	(cosplay&egl)	  6,486,836	
  /ck/	(food&cooking)	  4,071,583	
  /co/	(comics&carts.)	 43,931,256	
  /diy/	(do-it-yourself)    351,467	
  /fa/	(fashion)	  5,271,417	
  /fit/	(health&fitness) 16,363,177	
  /hc/	(hardcore)	    301,394	
  /int/	(international)	  7,199,819	
  /jp/	(otaku)		 10,207,786	
  /s/	(sexy)		 13,779,843	
  /lit/	(literature)	  3,241,126	
  /mlp/	(pony)		  6,535,229	
  /mu/	(music)		 31,060,238	
  /n/	(transport)	    423,302	
  /po/	(papercraft)	    485,531	
  /pol/	(pol. incorr.)	  8,219,557	
  /sci/	(science) 	  5,348,462	
  /soc/	(social)	 14,029,667	
  /sp/	(sports)	 29,263,446	
  /tg/	(trad. games)	 22,025,427	
  /toy/	(toys)		  3,233,423	
  /trv/	(travel)	    661,343	
  /tv/	(television)	 28,024,181	
  /vp/	(pokemon)	 10,674,534	
  /wsg/	(worksafe gif)	     84,034	
  /x/	(paranormal)	 11,544,411	
  /q/	(meta disc.)	    328,594	
			
	TOTAL	1,062,304,856

Re: 4Chan Accepts Bitcoin

#38

Post by Nursie »

Udo wrote: post #37
CGamesPlay wrote: post #35

Earlier quoted context omitted.

Post IDs are sequential. The newest post on /b/ is 443,351,492, and the next-nearest is /v/ with 166,654,765.

A lot of /b/ is comprised of noise, it's mainly a few very prolific users who use it as a rapid-fire chat room - whereas the rest of 4chan is used more like a message board. So of course, b has more posts. But even so, it's not true that most of the action on 4chan is /b/, and certainly not most of the users. /a/ (anime) 76,358,226 /b/ (random) 443,355,941 /c/ (anime/cute) 1,952,748 /d/ (hentai) 4,429,215 /e/ (ecchi)…

Is that post counts?

Because it does show /b/ making up nearly half the site. Of course in terms of actual content that you might want to read /b/ probably comes last :)

Re: 4Chan Accepts Bitcoin

#39

Post by Udo »

Nursie wrote: post #38
Udo wrote: post #37

Earlier quoted context omitted.

A lot of /b/ is comprised of noise, it's mainly a few very prolific users who use it as a rapid-fire chat room - whereas the rest of 4chan is used more like a message board. So of course, b has more posts. But even so, it's not true that most of the action on 4chan is /b/, and certainly not most of the users. /a/ (anime) 76,358,226 /b/ (random) 443,355,941 /c/ (anime/cute) 1,952,748 /d/ (hentai) 4,429,215 /e/ (ecchi)…

Is that post counts? Because it does show /b/ making up nearly half the site. Of course in terms of actual content that you might want to read /b/ probably comes last :)

That's exactly my point (see above). I think taking into account the manner in which /b/ is used compared to the other boards, one can hardly make the point that 4chan is mostly /b/ - I'm surprised it has only 42%. Even if one were to make the assumption that all of /b/ is worthless, there is still a pretty decent amount of actual content left, and there are a lot of users engaging with it. I'd wager that even on a high-quality site like HN, more than 50% of all submissions are at 1 point or [dead]. At least 4chan has an officially sanctioned outlet for crap, keeping the majority of the boards pretty clean. /b/ is a necessary evil that's required for the (huge) rest of the site to function.

Re: 4Chan Accepts Bitcoin

#40

Post by ewillbefull »

Nursie wrote: post #33
ewillbefull wrote: post #32

Earlier quoted context omitted.

If you truly don't want to understand mining or how the blockchain protects the integrity of transactions, you can hold off on making cynical assumptions about its design. Early adopters to the network provided the computing power that lets the currency even exist in the first place. They also likely all sold their BTC years ago. The economic output of a few days of mining in 2009 could have never been more than a co…

I've been ridiculing it since they day I heard about it, rather than going through any sort of ghandi-esque three step process. I took time to understand exactly what it is and decided the crypto was interesting but as a currency it's not something I could ever adopt in good conscience. The rules, set in stone since the beginning, are not a recipe for a good currency. What's more the Randian/libertarian fanboys provi…

You don't have to be a Randian hero to have interest in Bitcoin. Like you said, the cryptography is interesting. We can build scripts and sophisticated contracts and smart property and open transactions, all financial instruments that cannot be violated yet have enormous potential. Distributed bond markets and all of the curious things we can build on top of Bitcoin -- stuff that couldn't _exist_ before Bitcoin.

Imagine the federal reserve releasing their own Bitcoin-like cryptocurrency with their own inflation rates and restrictions. I could see it happening and I think it would be very interesting as well, maybe even more successful than Bitcoin. You do not have to subscribe to some libertarian fantasy to be in awe of what Bitcoin could accomplish. To simply discard all of that because criminal can use it, is a weak and lazy argument. I don't know how you could expect innovation to ever occur with currencies or economies without some growing pains and experiments.

Hell the lead developer of Bitcoin meets with the CIA to tell them how easy it is to track all of the economic activity of Bitcoin. These people are not trying to start a revolution they're trying to build software.

I'm sure the government will save you from the drugs and everything else you're scared of, so don't worry about it.

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