Welcome, Guest. Please login or register.
September 23, 2020, 02:30:41 pm

ballp.it is the community forum for The F Plus.

You're only seeing part of the forum conversation. To see more, register for an account. This will give you read-only access to nearly all the forums.

Topic: 332: Why Don't The Females Understand Bitcoin?  (Read 1768 times)

Antivehicular

  • she/her
  • Paid
  • ridin' high in my supervan
    • 129
    • 13
332: Why Don't The Females Understand Bitcoin? #30
I can't find the specific moment, but in one of the SA bitcoin mock threads someone found some posts where a number of bitcoiners were crossposting to a camgirl forum, trying to convince users to adopt cryptocurrencies. This effort included someone who registered on the forum pretending to be a lady new to the scene who was curious about bitcoin and extolled its virtues in a number of threads.
Turns out that sex workers are pretty cluey about finances and quickly identified and shunned the impostor as well,  much to the surprise of the coiners who had thought they had found some easy marks.
Megacrex inepta, September 09, 2020, 08:16:58 am
I feel like you could make an entire (probably depressing) FPlus document about guys trying to scam camgirls and quickly learning that online sex workers are all way, way smarter than they are.
Salubrious Rex chai tea latte

Megacrex inepta

  • Paid
    • 149
    • 15
332: Why Don't The Females Understand Bitcoin? #31
three cats in a self-driving car Puppy Time KingKalamari

Puppy Time

  • Rainbow Brownshirt
  • Paid
  • AND THEN THEY'LL HAVE A DONKEY HEAD!
  • 688
  • 28
332: Why Don't The Females Understand Bitcoin? #32
That is absolutely beautiful and perfect.  I am in awe.

Puppy Time

  • Rainbow Brownshirt
  • Paid
  • AND THEN THEY'LL HAVE A DONKEY HEAD!
  • 688
  • 28

Tipsy Almond

  • Paid
  • Must've blown a fuse, nothin' going on
    • 50
    • 5
332: Why Don't The Females Understand Bitcoin? #34
There's a general rule of thumb in business:

If you pay money for something, that thing is the product / service.

If you are paid money in exchange for something, YOU are the product / service.

Which raises the question of what exactly your computer is calculating during mining runs. :B

Antivehicular

  • she/her
  • Paid
  • ridin' high in my supervan
    • 129
    • 13
332: Why Don't The Females Understand Bitcoin? #35
There's a general rule of thumb in business:

If you pay money for something, that thing is the product / service.

If you are paid money in exchange for something, YOU are the product / service.

Which raises the question of what exactly your computer is calculating during mining runs. :B
Tipsy Almond, September 15, 2020, 12:47:47 am
IIRC, it's explicitly just a lot of useless mathematical calculations designed just to churn processors, because the idea is that you generate coins via "proof of work," not through actually producing anything of value. If Bitcoin mining were secretly processing EvilCorp's world-domination weather-control algorithm, that would be of more value to the world than the current status quo.
Lemon Secret Gaygent 69 chai tea latte Puppy Time

worms

  • oh fuck its the early bird
  • Paid
  • white and gold
  • 2,082
  • 78
332: Why Don't The Females Understand Bitcoin? #36
Is there a [email protected]? That feels like the logical conclusion to that.

THE CURSE OF THE WITCH OF THE MUMMY'S TOMB

  • some people's reactions such as the fuck,the hell,wtf, or what the hell
  • Paid
  • I have a problem and then I have another problem
    • 2,334
    • 156
332: Why Don't The Females Understand Bitcoin? #37
I vaguely remember there being a couple of altcoins that use some kind of "useful" work for their proof-of-work. The difficulty with using something like [email protected] is that your ideal proof-of-work should be difficult to brute force, but trivial to check. The harder it is to tell who got the right answer first, the more likely you are to have the transaction record get out of sync between different parts of the network.

Also, to Tipsy Almond's point, the people doing the mining are in fact doing a service for the bitcoin network. The huge amount of garbage number-crunching that goes into mining theoretically protects the network from being controlled by any one actor, because in order to control the network, you need to provide more mining work than the rest of the network combined. The mining reward is supposed to be an incentive to keep as many people mining as possible, thereby keeping the network secure.

In short, bitcoin by nature has to be as useless and wasteful as possible.

Puppy Time

  • Rainbow Brownshirt
  • Paid
  • AND THEN THEY'LL HAVE A DONKEY HEAD!
  • 688
  • 28
332: Why Don't The Females Understand Bitcoin? #38
There's a general rule of thumb in business:

If you pay money for something, that thing is the product / service.

If you are paid money in exchange for something, YOU are the product / service.

Which raises the question of what exactly your computer is calculating during mining runs. :B
Tipsy Almond, September 15, 2020, 12:47:47 am
IIRC, it's explicitly just a lot of useless mathematical calculations designed just to churn processors, because the idea is that you generate coins via "proof of work," not through actually producing anything of value. If Bitcoin mining were secretly processing EvilCorp's world-domination weather-control algorithm, that would be of more value to the world than the current status quo.
Antivehicular, September 15, 2020, 01:54:45 am

Jesus, it's like a metaphor for modern capitalism but real.