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Everything posted by nobody
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I donβt understand cryptocurrency, bitcoin
nobody replied to The Real timschochet's topic in The Geek Club
That article kind of sucks, but I'll try to explain it. "Bitcoin (abbreviation: BTC; sign: βΏ) is the first decentralized cryptocurrency." Two key things here. Cryptocurrency and decentralized. Cryptocurrency simply refers to a digital token that is used on a specific network that is governed by some sort of cryptographic algorithm. Decentralized is important here because that is one of the things kids love about cryptocurrency. There is a belief that the government manipulates currency through things like inflation in order to keep them poor. I'd argue that we're trading one governing body for another since the mining conglomerates are going to basically set economic policy at some point. "Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight." It's just saying that individual users of the network process transactions and the transactions are recorded forever on the Blockchain. That doesn't mean they have your name and address or anything just that x amount went from one wallet address to another. "Consensus between nodes is achieved using a computationally intensive process based on proof of work, called mining, that guarantees the security of the bitcoin blockchain." They're trying to say how they validate a transaction is legit. And that is done when the individual computers (miners or nodes) solve cryptographic problems and those are confirmed by other independent computers. Proof of work is an important concept in Bitcoin and would require it's own treatment, but the gist is a computer (or miner or node) proves that they solved the cryptographic problem allowing the transaction to be added to the never ending public ledger and then they get rewarded for it. It essentially is how transactions are processed. It's also a major drawback to Bitcoin in some ways since it's slow and energy intensive. The time to do these problems are partially why companies like AMD and NVDA have been blowing up for the last few years. They have the most powerful processors and the most powerful processors get the answer faster which gets the reward. The energy thing is why you hear about mining farms sprouting up around cheap energy. Other cryptos use different proof methods like etherium which uses proof of stake. -
I donβt understand cryptocurrency, bitcoin
nobody replied to The Real timschochet's topic in The Geek Club
Cryptocurrency is really just the medium of exchange used on a specific cryptographic block chain. Bitcoin for instance uses the Bitcoin blockchain as a means to exchange funds. Now if the Bitcoin blockchain were able to process transactions faster and cheaper than let's say credit cards, then the natural outcome would be that most transactions would be done in Bitcoin. So the value of a specific cryptocurrency is correlated to the underlying value of the Blockchain on which it operates... And of course the usual factors such as supply and demand of a particular token. -
The more I watch these idiots, the more I think I would be a better president than either of these clowns. Problem is I'm ugly and I don't pander which essentially disqualifies me from any popularity contest.
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Inflation is going to be a tough one for Kamala. She can't very well go to the usual playbook and promise people free money and then claim she's fighting inflation, but she can beat on tariffs. What she should do is lie and say she will do three things: (because people love things in threes) My administration will review all trade deals and we will work with our trade partners to have fair and equitable agreements that will help lower prices for all Americans. then you have some staffer go pull a clause or two from various trade deals that you can say you want to update Second, instead of straining our relationships with allies through tariffs that will raise the cost of common goods that every American needs, we will work to ensure our supply chains run smoothly by investing in American ports and transportation because when we can't get the critical goods that American households want because Donald Trump allowed our infrastructure to crumble, that raises costs for everyone! Third, my administration will empower the federal reserve to make the decisions necessary to ease rising costs unlike Donald Trump who will pressure the fed into doing what's best for wall street instead of main street! It's all BS and she won't do anything, but people will absolutely love it if she just lies to them.
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Smells like white privilege. I'm going to need you to find a black family, get down on your knees and profess your apology.
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Sydney Sweeney once again proves it impossible to be gay
nobody replied to dain11279's topic in The Geek Club
I was watching a movie called "anyone but you" or something like that, and I was thinking, "how did this woman get a lead in this movie. She has no personality or charm." Then they had a scene where she was in a bikini, and I was like, "oh, now I get it" I didn't realize it was Ms. Sweeney until the end of the movie. -
Bro, you need to get with the doctrine. I get your family might've owned slaves and you probably wouldn't want that smoke if so, but you need to suck it up and pay those reparations.
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Yeah, I don't get why us lefties hate Rittenhouse so much. He got harassed by a bunch of pedo hooligans that we keep saying we would never endorse and because the pedo hooligans wanted to beat up a maga, they got shot.
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Bro, have you not been reading the newsletters? That's exactly what our team asserts. We don't limit it to just slavery of course. We also assert that systemic racism is another reason for DEI and affirmative action which of course is the most important one since it's more difficult to quantify.
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The more Olympics I see the less I care about this stuff.
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The Netherlands have a pedo rapist on their Olympic beach volleyball team
nobody replied to TimHauck's topic in The Geek Club
Where? -
The Netherlands have a pedo rapist on their Olympic beach volleyball team
nobody replied to TimHauck's topic in The Geek Club
Why did you change what I wrote? You're weird. -
So are you about to show us there are multitudes of XYs having babies or something. That's usually the next step in the process before "it doesn't matter anyway."
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The Netherlands have a pedo rapist on their Olympic beach volleyball team
nobody replied to TimHauck's topic in The Geek Club
So you don't hate pedos? -
The Netherlands have a pedo rapist on their Olympic beach volleyball team
nobody replied to TimHauck's topic in The Geek Club
The guy clearly hates both. The boxing thing is what the social media is telling him to care about right now. Parsing out how much time he spends expressing his hate on which subject seems like splitting hairs. -
Indeed. He sets a great example.
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Huh?
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I'm not quite following you. Opposite of what?
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Oh. My bad. I must have misinterpreted the policy.
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2-foot eel chews through manβs intestines after he put it up his anus
nobody replied to League Champion's topic in The Geek Club
Damn, dude was busy. -
I guess wall street thinks the Fed waited to long to drop rates. If they come in off the top rope with 0.5% cut in September are they all just going to pile back in? I don't think we have systemic risk here, but maybe I'm being naive.
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New policy? If you have XY chromosomes, you are a man.
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Problem is we've been saying if you have a vagina, you're a woman. This person has apparently always had a vagina.
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Her office didn't try to deny the rightful parol of prisoners so they could be used to fight wild fires? That's a relief.
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Word on the street is she kept people in jail past when they should've rightfully been freed to work for the state. If that's true, it's essential slavery.
