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Crypto Currencies

Name: Anonymous 2018-02-14 8:13

What does /prog/ think about BitCoin and other Crypto Currencies? Useful? Legal? Ethical?

Name: Anonymous 2018-02-14 8:42

Pyramid schemes

Name: Anonymous 2018-02-14 8:53

>>1
Blockchain is a useful technology.
Cryptocurrency OTOH is a waste of electricity and doesn't scale(or in case of POS a blatant scam). People believe that """"their"""" Xcoin is worth Ydollars but in reality its just a few hashkeys that can be bruteforced and stolen/hacked. There is no actual ownership, you just have a stake in some digital token scheme.

Name: Anonymous 2018-02-14 11:01

Where is the programming in crypto currency?

Name: Anonymous 2018-02-14 11:46

Bitcoin is the only ``cryptocurrency'' and for good reason. If you could just replace it, it would be completely worthless.

Name: Anonymous 2018-02-14 15:17

>>5
Nope. There are at least 1530 cryptocurrencies and list keeps growing(as well as graphic card sales)
https://coinmarketcap.com/all/views/all/

Name: Anonymous 2018-02-14 17:22

>>6
1531, dubs are now also a cryptocurrency. A website (dis.tinychan.org) claims so.

Name: Anonymous 2018-02-14 19:28

>>7
How do you exchange them?

Name: Anonymous 2018-02-14 20:41

anus gold and dubs are the only crypto worth mining tbh

Name: Anonymous 2018-02-14 21:25

>>8
one dubs = one thousand pumble nuts

Name: Anonymous 2018-02-14 21:27

<- one thousand pumble nuts

Name: Anonymous 2018-02-14 21:40

dubs getststst

Name: Anonymous 2018-02-14 22:41

I bet I could make a coin unironically based on dubs and people would pay USD money for it.

It reminds me of that MIT project of generating fake journal articles and some shit journal accepted one of them.

Name: Anonymous 2018-02-15 0:04

>>13
That's not an MIT project: that's real life, and there's dozens upon dozens of fabricated articles being churned out of an Indian sweatshop every single day at the behest of publicly traded corporations looking to skirt the law.

Name: serious post 2018-02-15 2:56

They are a stupid waste of energy.

Name: Anonymous 2018-02-15 7:10

>>13
Considering that coins based on the doge meme have existed before, idiots have seriously ``invested'' burning money is no investment in them, got fucked when the authors diluted everything, and then still defended and wasted money on them, you probably have a business model here. Sure, the model is ``redditards = retards'', but since their stupidity isn't going to run out any time soon, it's very sustainable.

Name: Anonymous 2018-02-15 7:11

>>15-16
I bought a house by investing in bitcoins when they were 4k a pop

Name: Anonymous 2018-02-15 18:37

>>17
that's nothing. the real winners are the petty drug dealers on darknet circa 2012 who were casuallly selling dime bags. some of these guys are sitting on $50+ million.
Don't change these.
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