Pages:
Author

Topic: Bitcoin irony - page 3. (Read 5518 times)

newbie
Activity: 35
Merit: 0
August 04, 2013, 05:15:02 AM
#15
The ironic part in Bitcoin is that it's a completely artificial (albeit carefully planned) market that aims to create the ultimate free market, why haven't the devs put any effort into a bounty system to tap into bitcoins network hashing potential? Call it Bitcoin+ and let people put up bounties for unique addresses/darknet union URLs, cracking FBI/bank passwords etc.

One important reason for having the seemingly pointless proof of work problem that bitcoin uses (as opposed to a useful problem), is that its difficulty can be adjusted up and down to regulate the block discovery time. If you were solving a useful problem like cracking keys, how could the difficulty be adjusted?
legendary
Activity: 3472
Merit: 4801
August 04, 2013, 03:36:49 AM
#14
Read my replies.
I have read your replies and reached the conclusion that you are a fool that doesn't understand how Bitcoin works nor what irony is yet try to explain it to other people.

You appear to be suffering from a case of psychological projection.
legendary
Activity: 2786
Merit: 1031
August 03, 2013, 08:43:08 PM
#13
legendary
Activity: 1330
Merit: 1003
August 03, 2013, 08:16:01 PM
#12
The ironic part in Bitcoin is that it's a completely artificial (albeit carefully planned) market that aims to create the ultimate free market, why haven't the devs put any effort into a bounty system to tap into bitcoins network hashing potential? Call it Bitcoin+ and let people put up bounties for unique addresses/darknet union URLs, cracking FBI/bank passwords etc.

Cracking bank passwords? Perfect, transform Bitcoin from an instrument of freedom to and instrument of theft.  Roll Eyes
full member
Activity: 154
Merit: 100
August 03, 2013, 07:52:27 PM
#11
Read my replies.

I have read your replies and reached the conclusion that you are a fool that doesn't understand how Bitcoin works nor what irony is yet try to explain it to other people.

what the fuck is this

How is 'cracking FBI passwords' related to the 'ultimate free market'?
Why would someone pay for a unique 'union' address? ( i lol'd)
Again, how is any of it ironic?
hero member
Activity: 740
Merit: 501
August 03, 2013, 07:45:24 PM
#10
Read my replies.

I have read your replies and reached the conclusion that you are a fool that doesn't understand how Bitcoin works nor what irony is yet try to explain it to other people.
full member
Activity: 154
Merit: 100
August 03, 2013, 05:18:29 PM
#9
Read my replies.
hero member
Activity: 740
Merit: 501
August 03, 2013, 05:08:15 PM
#8
Miners do specific work for the bitcoin protocol, it's not just any old equation.
Can you explain how this is ironic? Else I'm 2 for 2 on my links.

OgNasty, agreed.

READ THE ORIGINAL POST.
full member
Activity: 154
Merit: 100
August 03, 2013, 05:04:13 PM
#7
Miners do specific work for the bitcoin protocol, it's not just any old equation.
Can you explain how this is ironic? Else I'm 2 for 2 on my links.

OgNasty, agreed.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
August 03, 2013, 04:58:19 PM
#6
It sounds like you're describing Primecoin or at least what Primecoin shows is possible.
hero member
Activity: 740
Merit: 501
full member
Activity: 154
Merit: 100
hero member
Activity: 740
Merit: 501
August 03, 2013, 04:33:53 PM
#3
You can't just hash into..

1. Select hash type.
2. Select hash pattern.
3. Select reward in BTC per found key.
4. ? ? ? ?
5. PROFIT
full member
Activity: 154
Merit: 100
August 03, 2013, 04:19:39 PM
#2
You can't just hash into..
hero member
Activity: 740
Merit: 501
August 03, 2013, 03:36:07 PM
#1
The ironic part in Bitcoin is that it's a completely artificial (albeit carefully planned) market that aims to create the ultimate free market, why haven't the devs put any effort into a bounty system to tap into bitcoins network hashing potential? Call it Bitcoin+ and let people put up bounties for unique addresses/darknet union URLs, cracking FBI/bank passwords etc.
Pages:
Jump to: